Infomerics assigns ratings to CPs as well as short term debt including bank loan facilities on a short term scale, and adopts identical criteria as that for rating bank instruments with an original contracted maturity of up to one year. The assigned short term ratings reflect. Infomerics's current opinion as to the relative safety of timely payment of interest and principal on the rated financial obligations, which have an originally contracted maturity of less than one year. Infomerics links the short term ratings to the long term ratings of the issuer. Infomerics uses a framework which appropriately captures the key credit drivers for all short term debt ratings. This takes into account the liquidity position of the borrower, or any liquidity back up and credit enhancement, in addition to the overall credit profile of the issuer.