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27.3.1.1. Annexure 20 - Rating Summary Sheet
Securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
Financial instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
27.3.1.2. Annexure 21 - Details of New Ratings assigned
Securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
Financial instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
27.3.1.3. Movement of credit rating of all outstanding securities during the last six-months
27.3.1.3. a. Annexure 22 - Upgrades
Securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
Financial Instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
27.3.1.3.a. Annexure 22 - Downgrades
Securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
Financial Instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
Annexure III
27.3.1.3.b. Annexure 23 - From Investment Grade to Non-Investment Grade
Securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
Financial Instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
27.3.1.3.b. Annexure 23 - From Non-Investment Grade to Investment Grade
Securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
Financial Instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
27.3.1.4. Annexure 24 - History of Credit Rating of all Outstanding Securities
Securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
Financial Instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
October 2017 to March 2018
April 2017 to September 2017
April 2016 to March 2017
October 2016 to March 2017
April 2016 to September 2016
27.3.1.5. The list of Defaults Separately on each rating
Annexure 25 - Long Term
Securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
April 2016 to March 2017
Financial Instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
April 2016 to March 2017
Annexure 25 - Short Term
Securities
April 2025 to September 2025
April 2024 to March 2025
October 2024 to March 2025
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
April 2016 to March 2017
Financial Instruments other than securities
April 2025 to September 2025
April 2024 to March 2025
April 2024 to March 2025 - Revised
October 2024 to March 2025
October 2024 to March 2025 - Revised
April 2024 to September 2024
April 2023 to March 2024
October 2023 to March 2024
April 2023 to September 2023
April 2022 to March 2023
October 2022 to March 2023
April 2022 to September 2022
April 2021 to March 2022
October 2021 to March 2022
April 2021 to September 2021
April 2020 to March 2021
October 2020 to March 2021
April 2020 to September 2020
April 2019 to March 2020
October 2019 to March 2020
April 2019 to September 2019
April 2018 to March 2019
October 2018 to March 2019
April 2018 to September 2018
April 2017 to March 2018
April 2016 to March 2017
27.3.2. Structured Finance Product
Pool Performance as of Dec 2025
Pool Performance as of Sep 2025
Pool Performance as of June 2025
Pool Performance as of Mar 2025
Pool Performance as of Dec 2024
Pool Performance as of Sep 2024
Pool Performance as of June 2024
Pool Performance as of Mar 2024
Pool Performance as of Dec 2023
Pool Performance as of Sep 2023
Pool Performance as of June 2023
Pool Performance as of Mar 2023
Pool Performance as of Dec 2022
Pool Performance as of Sep 2022
Pool Performance as of June 2022
Pool Performance as of Mar 2022
Pool Performance as of Dec 2021
Pool Performance as of Sep 2021
Pool Performance as of June 2021
Pool Performance as of Mar 2021
Pool Performance as of Dec 2020
Pool Performance as of Sep 2020
Pool Performance as of June 2020
Pool Performance as of Mar 2020
Pool Performance as of Dec 2019
Pool Performance as of Sep 2019
Pool Performance as of Sep 2016
Pool Performance as of Mar 2016
Pool Performance as of Sep 2015
Pool Performance as of Mar 2015
Pool Performance as of Sep 2014
27.3.3.1.Annexure 26 - Sharp Rating Action
Sharp Rating Action with INC
Securities
April 2025 to September 2025
Annexure B - Debt
Description
October 2024 to March 2025
Annexure B - Debt
Description
April 2024 to September 2024 sec INC
Annexure B - Debt
Description
October 2023 to March 2024 sec INC
Annexure B - Debt
Description
April 2023 to September 2023 sec INC
Annexure B - Debt
Description
October 2022 to March 2023 sec INC
Annexure B - Debt
Description
April 2022 to September 2022 sec INC
Annexure B - Debt
Description
Financial Instruments other than securities
April 2025 to September 2025
Annexure B - Debt
Description
October 2024 to March 2025
Annexure B - Debt
Annexure B - Debt
Description
Description
April 2024 to September 2024 fin INC
Annexure B - Debt
Description
October 2023 to March 2024 fin INC
Annexure B - Debt
Description
April 2023 to September 2023 fin INC
Annexure B - Debt
Description
October 2022 to March 2023 fin INC
Annexure B - Debt
Description
April 2022 to September 2022 sec INC
Annexure B - Debt
Description
Sharp Rating Action without INC
Securities
April 2025 to September 2025
Annexure B - Debt
Description
October 2024 to March 2025
Annexure B - Debt
Annexure B - Debt - Revised
Description
Description - Revised
April 2024 to September 2024 sec without inc
Annexure B - Debt
Description
October 2023 to March 2024 sec without inc
Annexure B - Debt
Description
April 2023 to September 2023 sec without inc
Annexure B - Debt
Description
October 2022 to March 2023 sec without inc
Annexure B - Debt
Description
April 2022 to September 2022 sec without inc
Annexure B - Debt
Description
Financial Instruments other than securities
April 2025 to September 2025
Annexure B - Debt
Description
October 2024 to March 2025
Annexure B - Debt
Annexure B - Debt - Revised
Description
Description - Revised
April 2024 to September 2024 fin without inc
Annexure B - Debt
Description
October 2023 to March 2024 fin without inc
Annexure B - Debt
Description
April 2023 to September 2023 fin without inc
Annexure B - Debt
Description
October 2022 to March 2023 fin without inc
Annexure B - Debt
Description
April 2022 to September 2022 fin without inc
Annexure B - Debt
Description
27.4.1.3. Annexure 27 - Average Default Rates
April 2024 to March 2025
8.1 Annexure 27 A - CDR for Structured Instrument
8.2 Annexure 27 A - CDR All Ratings
8.3 Annexure 27 A - CDR All Ratings (Excluding INC)
8.4 Annexure 27 A - CDR All Securities
8.5 Annexure 27 A - CDR All Securities (Excluding INC)
8.6 Annexure 27 A - CDR All listed Securities
8.7 Annexure 27 A - CDR All listed Securities (Excluding INC)
8.8 Annexure 27 B - Non Structured Instruments
April 2023 to March 2024
8.1 Annexure 27 A - CDR for Structured Instrument
8.2 Annexure 27 A - CDR All Ratings
8.3 Annexure 27 A - CDR All Ratings (Excluding INC)
8.4 Annexure 27 A - CDR All Securities
8.5 Annexure 27 A - CDR All Securities (Excluding INC)
8.6 Annexure 27 A - CDR All listed Securities
8.7 Annexure 27 A - CDR All listed Securities (Excluding INC)
8.8 Annexure 27 B - Non Structured Instruments
April 2022 to March 2023
8.1 Annexure 27 A - CDR for Structured Instrument
8.2 Annexure 27 A - CDR All Ratings
8.3 Annexure 27 A - CDR All Ratings (Excluding INC)
8.4 Annexure 27 A - CDR All Securities
8.5 Annexure 27 A - CDR All Securities (Excluding INC)
8.6 Annexure 27 A - CDR All listed Securities
8.7 Annexure 27 A - CDR All listed Securities (Excluding INC)
8.8 Annexure 27 B - Non Structured Instruments
April 2021 to March 2022
8.1 Annexure 27 A - CDR for Structured Instrument
8.8 Annexure 27 B - Non Structured Instruments
April 2020 to March 2021
8.1 Annexure 27 A - CDR for Structured Instrument
8.8 Annexure 27 B - Non Structured Instruments
April 2019 to March 2020
8.1 Annexure 27 A - CDR for Structured Instrument
8.8 Annexure 27 B - Non Structured Instruments
April 2018 to March 2019
8.1 Annexure 27 A - CDR for Structured Instrument
8.8 Annexure 27 B - Non Structured Instruments
April 2017 to March 2018
8.1 Annexure 27 A - CDR for Structured Instrument
8.8 Annexure 27 B - Non Structured Instruments
April 2016 to March 2017
8.1 Annexure 27 A - CDR for Structured Instrument
8.8 Annexure 27 B - Non Structured Instruments
Archive
Average Default Rates for the last 5 Financial Year as on March 2016
Average Default Rates for the last 5 Financial Year as on March 2015
Average Default Rates for the last 5 Financial Year as on March 2014
27.4.2.2. Annexure 28 - Average Transition Rates
April 2024 to March 2025
April 2023 to March 2024
April 2022 to March 2023
April 2021 to March 2022
April 2020 to March 2021
April 2019 to March 2020
April 2018 to March 2019
Archive
April 2017 to March 2018
April 2016 to March 2017
April 2015 to March 2016
April 2014 to March 2015
April 2013 to March 2014
April 2012 to March 2013
April 2011 to March 2012
April 2010 to March 2011
April 2009 to March 2010
April 2008 to March 2009
27.4.4. Income
April 2024 to March 2025
27.4.4.1. Total Revenue from rating Services as of 31.03.2025 - ₹ 5,86,59,323 (Audited Financials)
27.4.4.1. Total Revenue from Non-rating Services as of 31.03.2025 - ₹ 33,53,856 (Audited Financials)
27.4.4.1. Total Revenue for the FY - 2024 - 25 is ₹ 6,20,13,179
27.4.4.2. Issuer-wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiary from that issuer for the period - Nil
27.4.4.3. Names of rating issuers who along with their associates contribute 10% or more of the total revenue of the CRA and its subsidiary for the FY 2024-2025 - Nil
April 2023 to March 2024
27.4.4.1. Total Revenue from rating Services as of 31.03.2024 - ₹ 500,94,380
27.4.4.1. Total Revenue from Non-rating Services as of 31.03.2024 - ₹ 1,40,484.54
27.4.4.2. Issuer-wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiary from that issuer for the period - Nil
27.4.4.3. Names of rating issuers who along with their associates contribute 10% or more of the total revenue of the CRA and its subsidiary for the FY 2023-2024 - Nil
April 2022 to March 2023
27.4.4.1. Total Receipts from Rating Services : Rs. 24,10,99,000 (Unaudited)
27.4.4.1. Total Receipts from Non Rating Services : NIL
27.4.4.3. Names of the rated issuers who along with their associates contribute 10% or more of total revenue of the CRA and its subsidiaries: No
April 2021 to March 2022
27.4.4.1. Total Receipts from Rating Services : Rs. 48,50,54,750.00
27.4.4.1. Total Receipts from Non Rating Services : NIL
27.4.4.3. Names of the rated issuers who along with their associates contribute 10% or more of total revenue of the CRA and its subsidiaries - NIL
April 2020 to March 2021
27.4.4.1. Total Receipts from Rating Services : Rs. 56,50,24,373.00
27.4.4.1. Total Receipts from Non Rating Services : Rs. 7,76,155.00
27.4.4.2. The issuer wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiary from that issuer
Rating Income: 99.86% Non ratings Income: 0.14%
27.4.4.3. Names of the rated issuers who along with their associates contribute 10% or more of total revenue of the CRA and its subsidiaries - NIL
April 2019 to March 2020
27.4.4.1. Total Receipts from Rating Services : Rs. 66,18,92,967.00
27.4.4.1. Total Receipts from Non Rating Services : Rs. 2,58,83,011.00
27.4.4.2. The issuer wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiary from that issuer
Rating Income: 96.24% Non ratings Income: 3.76%
27.4.4.3. Names of the rated issuers who along with their associates contribute 10% or more of total revenue of the CRA and its subsidiaries.
April 2018 to March 2019
27.4.4.1. Total Receipts from Rating Services : Rs. 79,15,19,995.00
27.4.4.1. Total Receipts from Non Rating Services : Rs. 1,57,958.00
27.4.4.2. The issuer wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiary from that issuer
Rating Income: 99.98% Non ratings Income: 0.02%
27.4.4.3. Names of the rated issuers who along with their associates contribute 10% or more of total revenue of the CRA and its subsidiaries.
NIL
April 2017 to March 2018
27.4.4.1. Total Receipts from Rating Services : Rs. 74,86,60,505.00
27.4.4.1. Total Receipts from Non Rating Services : Rs. 1,87,801.00
27.4.4.2. The issuer wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiary from that issuer
Rating Income :99.97% Non ratings Income: 0.03%
27.4.4.3. Names of the rated issuers who along with their associates contribute 10% or more of total revenue of the CRA and its subsidiaries.
NIL
April 2016 to March 2017
27.4.4.1. Total Receipts from Rating Services : Rs. 60,54,48,183.00
27.4.4.1. Total Receipts from Non Rating Services : Rs. 3,17,433.00
27.4.4.2. The issuer wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiary from that issuer
Not Applicable
27.4.4.3. Names of the rated issuers who along with their associates contribute 10% or more of total revenue of the CRA and its subsidiaries.
NIL
27.4.5. Annexure 29 - Unsolicited Credit Ratings
27.4.5.1. Unsolicited ratings carried out in the last three financial years
April 2024 to March 2025
April 2023 to March 2024
April 2022 to March 2023
April 2021 to March 2022
April 2020 to March 2021
April 2019 to March 2020
April 2018 to March 2019
April 2017 to March 2018
27.4.5.2. Names of issuers, out of those mentioned in Para 27.4.5.1 above, which were given solicited rating in the last financial year.
April 2024 to March 2025
April 2023 to March 2024
April 2022 to March 2023
April 2021 to March 2022
April 2020 to March 2021
April 2019 to March 2020
April 2018 to March 2019
April 2017 to March 2018
28.2.1. Non receipt of information regarding Debt Repayment
28.5.2. Disclosures in case of rating not accepted by an issuer
28.6. Disclosures in case of delay in periodic review
30.4. Shareholding Pattern of Brickwork Ratings India Pvt Limited
Annexure IX
September 2025
March 2025
September 2024
March 2024
September 2023
March 2023
September 2022
March 2022
September 2021
March 2021
September 2020
September 2019
30.5. Compliance Status of IOSCO Code of Conduct
Annexure X
April 2024 to March 2025
April 2023 to March 2024
April 2022 to March 2023
April 2021 to March 2022
April 2020 to March 2021
April 2019 to March 2020
April 2018 to March 2019
April 2017 to March 2018
April 2016 to March 2017
Investor Grievances
39.2.2. Common director or Chief Executive Officer or Managing Director between the CRA and the non-rating entity
Disclosure-Common Director(s) 01-02-2026
Disclosure-Common Director(s) 01-01-2026
Disclosure-Common Director(s) 01-12-2025
Disclosure-Common Director(s) 01-11-2025
Disclosure-Common Director(s) 01-10-2025
Disclosure-Common Director(s) 01-09-2025
Disclosure-Common Director(s) 01-08-2025
Disclosure-Common Director(s) 01-07-2025
Disclosure-Common Director(s) 01-06-2025
Disclosure-Common Director(s) 01-05-2025
Disclosure-Common Director(s) 01-04-2025
Disclosure-Common Director(s) 01-03-2025
Disclosure-Common Director(s) 01-02-2025
Disclosure-Common Director(s) 01-01-2025
Disclosure-Common Director(s) 01-12-2024
Disclosure-Common Director(s) 01-11-2024
Disclosure-Common Director(s) 01-10-2024
Disclosure-Common Director(s) 01-09-2024
Disclosure-Common Director(s) 01-08-2024
Disclosure-Common Director(s) 01-07-2024
Disclosure-Common Director(s) 01-06-2024
Disclosure-Common Director(s) 01-05-2024
Disclosure-Common Director(s) 01-04-2024
Disclosure-Common Director(s) 01-03-2024
Disclosure-Common Director(s) 01-02-2024
Disclosure-Common Director(s) 01-01-2024
Disclosure-Common Director(s) 01-12-2023
Disclosure-Common Director(s) 01-11-2023
Disclosure-Common Director(s) 01-10-2023
Disclosure-Common Director(s) 01-09-2023
Disclosure-Common Director(s) 01-08-2023
Disclosure-Common Director(s) 01-07-2023
Disclosure-Common Director(s) 01-06-2023
Disclosure-Common Director(s) 01-05-2023
Disclosure-Common Director(s) 01-04-2023
Disclosure-Common Director(s) 01-03-2023
Disclosure-Common Director(s) 01-02-2023
Disclosure-Common Director(s) 01-01-2023
31.1.2.1. List of Issuer Not Cooperating (INC)
26.2.10. PD Benchmarks
30.1. Rating policies, methodology and procedures in detail regarding solicited and unsolicited ratings
Rating Process
Ratings Policy
Ratings Criteria
Rating of bank Loans
RBI
Disclosure as per RBI Directive DBOD.BP.No./5382/21.06.007/2012-13SRTED April 26, 2013.
Compensation Agreement for Bank Loan Ratings
Disclosure as per RBI Directive DBOD.BP.No./3526/21.06.007/2014-15 Dated September 05, 2014 April 26, 2013.
BWR Suspension policy for Bank Loan Ratings
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