Credit Ratings

Sl. No.	Instrument Type	Rating Agency
Sl. No.	Instrument Type	ICRA	CARE	India Ratings
1	Deposits	MAAA	-	-
2	Term Loans (Long)	[ICRA] AA+	-	-
3	Term Loans (Short)	[ICRA] A1+	-	-
4	Secured NCDs (SRNCD)	[ICRA] AA+	CARE AAA	IND AA/Stable
5	Unsecured NCDs (Tier II Subordinated Bonds)	[ICRA]NCD	CARE AAA	IND AA/Stable
6	Commercial Paper	[ICRA] A1+	CARE A1+	IND A1 +

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