Credit Rating – Principal Protected - Market Linked Debentures (PP-MLD)

Long Term : Original maturity exceeding one year

 

 Rating Symbol

  Rating Definition

IVR PP-MLD AAA

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

IVR PP-MLD AA

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

IVR PP-MLD A

Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

IVR PP-MLD BBB

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

IVR PP-MLD BB

Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

IVR PP-MLD B

Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations.

IVR PP-MLD C

Instruments with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.

IVR PP-MLD D

Instruments with this rating are in default or are expected to be in default soon.

 

Modifiers {"+" (plus) / "-"(minus)} can be used with the rating symbols for the categories PP-MLD AA to PP-MLD C. The modifiers reflect the comparative standing within the category.

 

Short Term: Original maturity of up to one year

 

Rating Symbol

  Rating Definition

IVR PP-MLD A1

Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk

IVR PP-MLD A2

Instruments with this rating are considered to have strong degree of safety regarding timely payment of financial obligations. Such instruments carry low credit risk.

IVR PP-MLD A3

Instruments with this rating are considered to have moderate degree of safety regarding timely payment of financial obligations. Such instruments carry higher credit risk as compared to instruments rated in the two higher categories.

IVR PP-MLD A4

Instruments with this rating are considered to have minimal degree of safety regarding timely payment of financial obligations. Such instruments carry very high credit risk and are susceptible to default.

IVR PP-MLD D

Instruments with this rating are in default or expected to be in default on maturity.

 

Modifier {"+" (plus)} can be used with the rating symbols for the categories PP-MLD A1 to PP-MLD A4. The modifier reflects the comparative standing within the category.

The credit rating assigned to PP-MLD instruments expresses Infomerics Ratings’ current opinion on the credit risk associated with the issuer concerned. The rating does not address the risks associated with variability in returns resulting from adverse movements in the respective variable(s) such as commodity prices, equity share prices, foreign exchange rates etc.