CRISIL RATINGS FOR BANK LOANS (Basel II )
Loan ---> | Short term i.e. L/C , B/G |
TYPE | MEANING |
CRISIL A1 |
very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk. |
CRISILA2 |
strong degree of safety regarding timely payment of financial obligations. Such instruments carry low credit risk. |
CRISILA3 |
moderate degree of safety regarding timely payment of financial obligations. Such instruments carry higher credit risk as compared to instruments rated in the two higher categories. |
CRISILA4 |
have minimal degree of safety regarding timely payment of financial obligations. Such instruments carry very high credit risk and are susceptible to default |
CRISIL D | are in default or expected to be in default on maturity. |
CRISIL may apply '+' (plus) sign for ratings from 'CRISIL A1' to 'CRISIL A4' to reflect comparative standing within the category |
S & P rating of Indian Banks
Loan -----> | Long term i.e. CC , D/L , T/L | |
TYPE | Risk | Description |
CRISIL AAA | highest safety | are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk. |
CRISIL AA | high safety | are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
CRISIL A | adequate safety | are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. |
CRISIL BBB | moderate safety | are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. |
CRISIL BB | moderate risk | are considered to have moderate risk of default regarding timely servicing of financial obligations |
CRISIL B | high risk | are considered to have high risk of default regarding timely servicing of financial obligations |
CRISIL C | very high risk | are considered to have very high risk of default regarding timely servicing of financial obligations |
CRISIL D | default | are in default or are expected to be in default soon. |
CRISIL may apply '+' (plus) or '-' (minus) signs for ratings from 'CRISIL AA' to 'CRISIL C' to reflect comparative standing within the category. | ||
CRISIL may assign rating outlooks for ratings from 'CRISIL AAA' to 'CRISIL B'. Ratings on Rating Watch will not carry outlooks. A rating outlook indicates the direction in which a rating may move over a medium-term horizon of one to two years. A rating outlook can be 'Positive', 'Stable', or 'Negative'. A 'Positive' or 'Negative' rating outlook is not necessarily a precursor of a rating change |
||
In case of CARE & ICRA, the ratings are identical with CRISIL being substituted by CARE & ICRA respectively. |
PADMANABHAN COMMITTEE CREDIT RATING |
|
Three Major Rating Agencies in India
CRISIL Corporate Rating Database by CRISIL |
ICRA |
CARE: The third Credit rating Agency in India; started in 1993; was mainly promoted by the lOBI. |
Read more Comments