The Reserve Bank of India (RBI) on July 29, 2021 has issued the list of Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating in reference with the Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 .
The List of Credit Rating Agencies and their respective minimum investment grade ratings is as followed:
• The Credit Rating Information Services of India Limited (CRISIL) : FA– (FA Minus)
• ICRA Limited : MA– (MA Minus)
• Credit Analysis & Research Limited (CARE) : CARE BBB (FD)
• Fitch Ratings India Private Limited : tA– (ind)(FD)
• Brickwork Ratings India Private Limited (Brickwork) * : BWR FBBB
• Acuite Ratings & Research Limited ** : ACUITE A
• Infomerics Valuation and Rating Private Limited (IVRPL) ** : IVR BBB
[Notification No. RBI/2021-22/74 DOR.FIN.REC.No.34/03.10.136/2021-22 ]
