Rating Scale


Rating Description

AAA

Reflects Highest Financial Strength to meet policyholder obligations.
Any adverse change in circumstances is most unlikely to affect the fundamentally strong position of the company.
AA  Reflects High Financial Strength to meet policyholder obligations.
Companies rated in this category are only marginally weaker than the 'AAA' rated insurance companies.
Reflects Adequate Financial Strength to meet policyholder obligations. 
However, change in circumstances can adversely affect such companies more than those in the higher rating categories.
BBB Reflects Moderate Financial Strength to meet policyholder obligations. 
However, changing circumstances are more likely to lead to a weakened capacity to meet policyholder obligations than in the higher rating categories.
BB Reflects Inadequate Financial Strength to meet policyholder obligations. 
Companies rated in this category face uncertainties which could lead to inadequate capacity to meet their policyholder obligations.
B Reflects Greater Susceptibility to default on policyholder obligations. 
While current obligations are being met, adverse business or economic conditions would lead to a lack of ability or willingness to meet policyholder obligations.
C Vulnerable to default.
Policyholder obligations can be met only if favourable circumstances prevail.
D Default
The company is not meeting current policyholder obligations.

 

 

Note

 

  • Financial strength ratings from 'AA' to 'C' may be modified by use of a '+' (plus) or '-' (minus) sign to show the relative standing of the insurance company within the rating categories.
  • CRISIL may assign rating outlooks for ratings from 'AAA' to 'B'. Ratings on Rating Watch will not carry outlooks. A rating outlook indicates the direction in which a rating may move over a medium-term horizon of one to two years. A rating outlook can be 'Positive', 'Stable', or 'Negative'. A 'Positive' or 'Negative' rating outlook is not necessarily a precursor of a rating change.

Questions?

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