Commercial Paper/Short Term Instruments
CRISIL has assigned ratings to CPs and short term debt since 20 years, and rated issues of over 600 issuers.
CRISIL assigns ratings to CPs as well as short term debt including bank loan facilities on a short term scale, and adopts identical criteria as that 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 include:
- Non-convertible debentures
- Inter corporate deposits
- Commercial papers/certificates of deposits/short-term debt
- Fixed deposits
- Structured debt