Recovery Risk Ratings

Recovery Risk Ratings indicate the variability in the extent of recovery from a loan, post default. Our recovery risk rating gives an indication of loss given a default.

 

The rating conveys the opinion of CRISIL Ratings on the recoverability on the rated instrument over the long term, post default.

 

The rating is not a comment on the timeliness of payment.


The key drivers of analysis are:

  • Collateral coverage
  • Quality of assets
  • Seniority of the instrument

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Rating Scale

 

Rating Implied Recovery Description
RR1+ More than 150% Present value of expected recoveries is more than 150% of the face value of outstanding SRs
RR1 More than 100% and up to 150% Range of present value of expected recoveries is more than 100% and up to 150% of the face value of outstanding SRs
RR2 More than 75% and up to 100% Range of present value of expected recoveries is more than 75% and up to 100% of the face value of outstanding SRs
RR3 More than 50% and up to 75% Range of present value of expected recoveries is more than 50% and up to 75% of the face value of outstanding SRs
RR4 More than 25% and up to 50% Range of present value of expected recoveries is more than 25% and up to 50% of the face value of outstanding SRs
RR5 Up to 25% Range of present value of expected recoveries is up to 25% of the face value of outstanding SRs

 

Questions?

  • To get a copy of rating reports, please email us at:
    crisilratingdesk@crisil.com

  • For analytical queries, please email us at:
    ratingsinvestordesk@crisil.com

  • For any other information,  please call or email us at:
    +1800 267 1301
    crisilratingdesk@crisil.com