Ratings assigned by Credit Rating Agencies:

Particulars Rating Agency Rating
Non-Convertible Debentures (NCDs) issued on Private Placement basis
Long Term Debt Programme CARE Ratings Limited CARE BB (Double B); (Stable)
Principal Protected Market Linked Debentures CARE Ratings Limited CARE PP-MLD BB (PP-MLD Double B); (Stable)
Principal Protected Market Linked Debentures Brickwork Ratings India Private Limited BWR PP MLD BB (Double B); (Negative)
Subordinated Tier II NCD Brickwork Ratings India Private Limited BWR BB (Double B); (Negative)
Secured NCDs Brickwork Ratings India Private Limited BWR BB (Double B); (Negative)
Subordinated Debt CARE Ratings Limited CARE BB (Double B); (Stable)