FDs and Other Instruments
CRISIL also rates FD programmes of corporates in the non-financial sector with contracted maturity of more than a year on a 14-point rating scale (FAAA to FD).
CRISIL employs a dedicated rating scale for FDs. CRISIL believes there is a strong linkage between the rating on an issuer’s FD programme and the issuer’s own long-term credit rating, which reflects the fundamental credit quality of the issuer, and factors in the issuer’s funding sources (including FDs), debt repayment profile, and liquidity. Thus, CRISIL derives an issuer’s FD rating from its long-term rating, based on a mapping framework. The issuer’s liquidity, the programme’s granularity, staggered maturity profile, and renewal rate, are all factored in.
We analyse corporate governance practices in detail
and translate it into value for various stakeholders
Broker Quality Gradings
Our opinion on the quality of
operations and services provided
by the graded stock broker
Financial Strength Rating
An assessment of an insurance
company's ability to meet a