Rating Products and Services
Brickwork Ratings (BWR) is a SEBI registered and RBI accredited Credit Rating Agency.
BWR provides various rating services and products covering Capital Market Instruments and Bank Loans for the Corporate Sector, Financial Sector, Infrastructure Sector, Insurance Sector, Public sector undertakings, State Government, Municipal and Urban Local Bodies among others. In addition, BWR rates Structured finance transactions, Fixed deposit programmes, Certificate of Deposits and Mutual funds. The other services offered include Issuer Rating, Independent Credit Evaluation (ICE) of residual debt in entities under the RBI framework for resolution of stressed assets, Rating of Security Receipts issued by Asset Reconstruction Companies, ratings of Infrastructure Investment Trust (InvIT) / Real Estate Investment Trust (REIT) and infra Expected Loss ratings.
Details of the Rating products and related services provided by Brickwork Ratings are as under.
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Corporate Sector Ratings
- Fund-Based Limits - Bank Loan Ratings (Working Capital Limits, Bill Purchase Facility, Term Loan Facility, Packing Credit for Exporters, Post Export Bill Discount Facility, Buyers Credit, External Commercial Borrowing)
- Capital Market Instruments - Bonds, Non-Convertible Debentures (NCDs), Preference Shares
- Short -Term Instruments - Commercial Papers (CPs), Short-Term Non-Convertible Debentures (NCDs), Certificates of Deposits (CDs) for Corporates
- Non-Fund based limits for Bank Loan Ratings - Guarantees, Letter of Credit (Inland and Foreign), Stand -by Letter of Credit, Forward Contracts.
Banking, Financial Services & Insurance Sector (BFSI) Ratings
- Long-Term - Bonds/Debentures, Tier I/Tier II Instruments for Banks under BASEL Regulations and Preference Shares, Principal Protected Market-Linked Debentures
- Short-Term - Commercial Papers (CPs), Short- Term Non-Convertible Debentures (NCDs), Certificate of Deposits (CDs) issued by Banks, Fixed Deposits
Infrastructure Sector Ratings
- Government Projects
- Public-Private Partnerships
- Private Projects
Ratings for Public Sector Undertakings, State Government, Municipal and Urban Local Bodies
Structured Finance Sector Ratings
- Pass-Through Certificates (PTCs)
- Asset-Backed Securities (ABS)
- Assignee Payouts
- Loan Estimation
- Structured Obligations
- Rating of Securitization of Products issued by Asset Reconstruction Companies (ARCs)
- Pooled Loan Issuance (PLI)
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Other ratings
- Issuer Ratings
- Independent Credit Evaluation (ICE) of Resolution Plans
ICE
- Provisional Rating
- Mutual Fund Rating
- Capital Protection Oriented Fund Rating
- Rating with Credit Enhancement (CE) Features
- Debt Raised by Infrastructure Investment Trusts (InvITs) / Real Estate Investment Trusts (REITs)
- Expected Loss (EL) Rating for Operational Infrastructure Projects
- Recovery Risk Ratings for Security Receipts Issued by Asset Reconstruction Companies (ARCs)
- Rating Hybrid Instruments
- Ratings of Financial Instruments under the respective guidelines of financial Sector Regulators/Authorities
Others