Ratings assigned by Credit Rating Agencies:

Particulars Rating Agency Rating
A. Non-Convertible Debentures (NCDs) issued on Private Placement basis
Long Term Debt Programme CARE Ratings Limited CARE AA+ (Double A Plus) (Credit watch with developing implications)
Principal Protected Market Linked Debentures CARE Ratings Limited CARE PP-MLD AA+ (PP-MLD Double A Plus) (Credit watch with developing implications)
Subordinated Tier II NCD Brickwork Ratings India Private Limited BWR AAA, Outlook: Stable
Secured NCD Brickwork Ratings India Private Limited BWR AAA, Outlook: Stable
Subordinated Debt CARE Ratings Limited CARE AA+ (Double A Plus) (Credit watch with developing implications)
Short Term Debt Programme ICRA Limited [ICRA] A1+
B. Commercial Paper
Short-term Debt ICRA Limited [ICRA] A1+
Short-term Debt Brickwork Ratings India Private Limited BWR A1+