Short Term Debt

CRISIL assigns ratings to short term debt instruments of banks and financial institutions on a short term scale, and adopts identical criteria for rating instruments with an original contracted maturity of up to one year.

The assigned short term ratings reflect CRISIL's current opinion as to the relative safety of timely payment of interest and principal on the rated financial obligations, which have an originally contracted maturity of less than one year.


The short-term debt obligations typically rated by CRISIL in the financial sector include:

  • CDs of banks
  • CPs and short term debt  programmes of NBFCs

CRISIL links the short term ratings to the long term ratings of the issuer. CRISIL uses a framework which appropriately captures the key credit drivers for all short term debt ratings. This takes into account the liquidity position of the borrower, or any liquidity back up and credit enhancement, in addition to the overall credit profile of the issuer.


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