Brickwork Ratings India Private Limited

Half Yearly Disclosures for the period from April 2020 till September 2020

(As required in Regulation 6 of SEBI Circular Ref: CIR/MIRSD/CRA/6/2010 dated May 3, 2010 and as per SEBI Circular Ref: SEBI/H0/MIRSD/DOP2/CIR/P/2018/86 Dated May 30, 2018)

1. Rating policies, methodology and procedures in detail regarding solicited and unsolicited ratings
   1. Rating Process
   2. Ratings Policy
   3. Ratings Criteria:
      The ratings criteria are also given for different segments including: Large Corporates, Finance, Insurance, Pooled Funds, SME, State Governments, Infrastructure, Corporate Governance etc.
   4. Rating of bank Loans: The link has information regarding type of ratings assigned for bank loans, FAQs etc.

The various disclosures that are required under the regulations are given below:

2. Credit Rating History and Defaults

   Annexure A:

   Details of Half-Yearly Rating Summary sheet, segregated for securities and financial instruments other than securities

   • Securities
   • Financial Instrument other than securities

   Annexure B:

   Modification of Disclosures of SEBI Circular MIRSD/CRA/6/2010 dated May 03, 2010 as per SEBI Circular SEBI/HO/MIRSD/DOP2/CIR/P/2018/86 Dated May 30, 2018

   1. Annexure I - Details of New Credit Ratings assigned during April to September 2020
      • Securities
      • Financial Instrument other than securities
   2. Annexure II - Details of Movement of Ratings assigned during April to September 2020
      1. Annexure II A - Upgrades
         • Securities
         • Financial Instrument other than securities
      2. Annexure II B - Downgrades
         • Securities
         • Financial Instrument other than securities
   3. Annexure III Movement of each credit rating from Non-Investment grade to Investment grade and vice versa between April 2020 to Sep 2020
      1. From Investment Grade to Non-Investment Grade
         • Securities
         • Financial Instrument other than securities
      2. From Non- Investment Grade to Investment Grade
         • Securities
         • Financial Instrument other than securities
   4. Annexure V - History of Credit Rating of all Outstanding Securities as on September 30, 2020
      • Securities
      • Financial Instrument other than securities
   5. Annexure VI - List of Defaults Separately for Each Rating Category
      1. Annexure VI A - Long Term Scale as on September 30, 2020
         • Securities
         • Financial Instrument other than securities
      2. Annexure VI B – Short Term Scale as on September 30, 2020
         • Securities
         • Financial Instrument other than securities
   6. Shareholding Pattern of Brickwork Ratings as prescribed by stock exchanges for a listed company under clause 35 of Listing Agreement. Annexure IX