Brickwork Ratings India Private Limited

Half Yearly Disclosures for the period from April 2023 to September 2023

(As required in Regulation 6 of SEBI Circular Ref: CIR/MIRSD/CRA/6/2010 dated May 3, 2010, as per SEBI Circular Ref: SEBI/H0/MIRSD/DOP2/CIR/P/2018/86 Dated May 30, 2018 and as per SEBI Circular Ref: SEBI/H0/DDHS/DDHS-RACPOD2/P/CIR/2023/6 Dated January 06,2023 and SEBI Master Circular SEBI/HO/DDHS/DDHS-POD2/P/CIR/2023/111 Dated July 03, 2023)

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

  3. Credit Rating History and Defaults

    Annexure A:

    Details of Half-Yearly Rating Summary sheet, segregated for securities and financial instruments other than securities (As required in Regulation 6 of SEBI Circular Ref: CIR/MIRSD/CRA/6/2010 dated May 3, 2010, as per SEBI Circular Ref: SEBI/H0/MIRSD/DOP2/CIR/P/2018/86 Dated May 30, 2018 and as per SEBI Circular Ref: SEBI/H0/DDHS/DDHS-RACPOD2/P/CIR/2023/6 Dated January 06,2023 and SEBI Master Circular SEBI/HO/DDHS/DDHS-POD2/P/CIR/2023/111 Dated July 03, 2023)

    Annexure B:

    (As required in Regulation 6 of SEBI Circular Ref: CIR/MIRSD/CRA/6/2010 dated May 3, 2010, as per SEBI Circular Ref: SEBI/H0/MIRSD/DOP2/CIR/P/2018/86 Dated May 30, 2018 and as per SEBI Circular Ref: SEBI/H0/DDHS/DDHS-RACPOD2/P/CIR/2023/6 Dated January 06,2023 and SEBI Master Circular SEBI/HO/DDHS/DDHS-POD2/P/CIR/2023/111 Dated July 03, 2023)

    1. Annexure I - Details of New Credit Ratings assigned during April to September 2023
    2. Annexure II - Details of Movement of Ratings assigned during April to September 2023
      1. Annexure II A - Upgrades
      2. Annexure II B - Downgrades
    3. Annexure III Movement of each credit rating from Non-Investment grade to Investment grade and vice versa between April 2023 to Sep 2023
      1. From Investment Grade to Non-Investment Grade
      2. From Non- Investment Grade to Investment Grade
    4. Annexure V - History of Credit Rating of all Outstanding Securities as on September 30, 2023
    5. Annexure VI - Details of Movement of Ratings to Default Category during the Period April to Sep 2023
      1. Annexure VI A -Long Term
      2. Annexure VI B - Short Term
  4. Shareholding Pattern of Brickwork Ratings as prescribed by stock exchanges for a listed company under clause 35 of Listing Agreement. Annexure IX
  5. Disclosures of Securities
    1. Sharp Rating Actions with INC cases
    2. Sharp Rating actions with out INC Cases
  6. Disclosures of Financial Instruments other than Securities
    1. Sharp Rating Actions with INC cases
    2. Sharp Rating actions with out INC Cases