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 A+ (Single A Plus) (Credit watch with developing implications)
Principal Protected Market Linked Debentures CARE Ratings Limited CARE PP-MLD A+ (PP-MLD Single A Plus) (Credit watch with developing implications)
Principal Protected Market Linked Debentures Brickwork Ratings India Private Limited BWR PP MLD AA (Double A); Credit Watch with Developing Implications
Subordinated Tier II NCD Brickwork Ratings India Private Limited BWR AA (Double A); Credit Watch with Developing Implications
Secured NCDs Brickwork Ratings India Private Limited BWR AA (Double A); Credit Watch with Developing Implications
Subordinated Debt CARE Ratings Limited CARE A+ (Single A Plus) (Credit watch with developing implications)
B. Short Term Debt Programme
Commercial Paper ICRA Limited [ICRA] A1 (on rating watch with negative implications)
Commercial Paper Brickwork Ratings India Private Limited BWR A1+