Rating Symbols-

Rating Symbols and Definitions for Short Term Debt instruments   Short term debt instruments: The instruments with original maturity of upto one year 

  Rating symbols should have CRA’s first name as prefix 

A1 - Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

 A2 - Instruments with this rating are considered to have strong degree of safety regarding timely payment of financial obligations. Such instruments carry low credit risk.

 A3  - Instruments with this rating are considered to have moderate degree of
safety regarding timely payment of financial obligations. Such instruments carry
higher credit risk as compared to instruments rated in the two higher categories.

A4- Instruments with this rating are considered to have minimal degree of safety regarding timely payment of financial obligations. Such instruments carry very high credit risk and are susceptible to default.

D  - Instruments with this rating are in default or expected to be in default on maturity.

 Modifier {"+" (plus)} can be used with the rating symbols for the categories A1  to  A4.  The  modifier  reflects  the  comparative  standing  within  the category.