List of Credit Rating Agencies and their respective minimum investment grade ratings
Sl. No.
Name of the rating agency
Minimum investment grade credit rating
1
The Credit Rating Information Services of India Limited (CRISIL)
FA– (FA Minus)
2
ICRA Limited
MA– (MA Minus)
3
Credit Analysis & Research Limited (CARE)
CARE BBB (FD)
4
Fitch Ratings India Private Limited
tA– (ind)(FD)
5
Brickwork Ratings India Private Limited (Brickwork) *
BWR FBBB
6
Acuite Ratings & Research Limited **
ACUITE A
7
Infomerics Valuation and Rating Private Limited (IVRPL) **
IVR BBB
* Rating changed from BWR FA to BWR FBBB for deposits of HFCs, to align with NBFCs. ** New credit rating agencies along with ratings for deposits of HFCs, to align with NBFCs.
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