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) (Credit watch with developing implications)
Principal Protected Market Linked Debentures CARE Ratings Limited CARE PP-MLD AA (PP-MLD Double A) (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) (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+