CRISIL's ratings process is designed to ensure that all ratings are based on the highest standards of independence and analytical rigour.
From the initial meeting with the management to the assignment of the rating, the rating process normally takes three to four weeks. However, CRISIL has sometimes arrived at rating decisions in shorter timeframes, to meet urgent requirements. The process of rating starts with a rating request from the issuer, and the signing of a rating agreement. CRISIL employs a multi-layered, decision-making process in assigning a rating.
A detailed flow chart of CRISIL's rating process is as below: