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In exercise of powers under Regulation l4(2) of the IRDAI 0nvestmentsl Regulations,2016 the Authority directs Insurers to classify Infrastructure investments, issued by Infrastructure Companies, rated not less than "A" along with an Expected Loss Rating of "ELl" as part of "Approved lnvestment" and should be listed under Gtegory Code "IELB" as per Gtegory of lnvestment under Master Circular - lnvestments. Fufther, any downgrade of lnfrastructure Investment, below "A" or"ELI", needs to be reclassified as part of "Other lnvestments" and reported under Category Code "IOEL" as per Gtegory of Investment under Master Circular - lnvestments. The valuation of the above investments, shall be valued "either as per FIMMDA or at applicable market yield rates published by any Rating Agency registered with SEBI". HOD-Investments