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 BBB (Triple B) (Credit watch with Negative Implications)
Principal Protected Market Linked Debentures CARE Ratings Limited CARE PP-MLD BBB (PP-MLD Triple B) (Credit watch with Negative Implications)
Principal Protected Market Linked Debentures Brickwork Ratings India Private Limited BWR PP MLD BBB (Triple B); (Credit Watch with Negative Implications)
Subordinated Tier II NCD Brickwork Ratings India Private Limited BWR BBB (Triple B); (Credit Watch with Negative Implications)
Secured NCDs Brickwork Ratings India Private Limited BWR BBB (Triple B); Credit Watch with Negative Implications
Subordinated Debt CARE Ratings Limited CARE BBB (Triple B) (Credit watch with Negative Implications)
B. Short Term Debt Programme
Commercial Paper ICRA Limited [ICRA] A4 (on rating watch with Negative Implications)
Commercial Paper Brickwork Ratings India Private Limited BWR A3