The efforts to finalize rules on credit rating have reached final stage. The Securities Exchange Board of Nepal (SEBON) had solicited suggestions on the rule from the Nepal Rastra Bank and Insurance Board recently. “Since they have sent their suggestions, our efforts to finalize the rules are nearly complete now,” said Niraj Giri, director at the SEBON. The rules will now be sent over to the Ministry of Finance for final approval before it is adopted. In the rules, the investment – between 25 to 75 percent shares – from a recognized foreign credit rating agency with at least five years of experience has been made mandatory for any credit rating agency to be allowed to operate here. “This is because we want the credibility of these agencies to be good,” said Mukti Nath Shrestha, deputy director at the Board.