Rating Symbol-3

III.        Rating Symbols and Definitions for Long Term Structured Finance Instruments

Long term structured finance instruments: The instruments with original maturity exceeding one year

 Rating symbols should have CRA’s first name as prefix

AAA  (SO)  - Instruments with this rating are considered to have the highest degree  of  safety  regarding  timely  servicing  of  financial  obligations.  Such instruments carry lowest credit risk.

AA (SO)  - Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

A (SO) - Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

BBB (SO) - Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

BB(SO) - Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

 B(SO) - Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations.

 C (SO) - Instruments with this rating are considered to have very high likelihood of default regarding timely payment of financial obligations.

D  (SO)  - Instruments with this rating are in default or are expected to be in default soon.

 Modifiers {"+" (plus) / "-"(minus)} can be used with the rating symbols for the  categories  AA(SO)  to  C(SO).  The  modifiers  reflect  the  comparative standing within the category.