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Credit Ratings

Sl.
No.

Instrument Type
Rating Agency
ICRA
CARE
India Ratings
1

Bank Facilities

-

CARE AAA

-

2

Press Release - India rating

-

-

IND AA+

3

Deposits

MAAA

-

-

4
Term Loans (Long) [ICRA] AA+

-

-

5

Term Loans (Short)

[ICRA] A1+

-

-

6

Secured NCDs (SRNCD)

[ICRA] AA+

CARE AAA

IND AA/Stable

7

Unsecured NCDs (Tier II Subordinated Bonds)

[ICRA]AA+

CARE AAA

IND AA/Stable

8

Commercial Paper

[ICRA] A1+

CARE A1+

IND A1 +