2. Ratings
As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee-denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others. ICRA also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Credit Risk Rating of Debt Mutual Funds, an Independent Credit Evaluation (ICE) of the residual debt in entities under the RBI’s framework for resolution of stressed assets and Rating of security receipts issued by Asset Reconstruction Companies (ARCs) as required by RBI .
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Company Name Sector Name Long Term Medium Term Short Term Issuer Outlook
H B Oil Industries
Rationale / Rating Methodologies 		Textiles ^ -- -- -- --
H D Enterprises
Rationale / Rating Methodologies 		Mining -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
H D Enterprises
Rationale / Rating Methodologies 		Mining [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
H D Enterprises
Rationale / Rating Methodologies 		Mining [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
H K Cotton Industries
Rationale / Rating Methodologies 		Textiles ^ -- ^ -- --
H L A Investments Private Limited
Rationale / Rating Methodologies 		NBFC [ICRA]BB- -- -- -- Stable
H N Construction Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
H N Construction Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
H R Builders
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
H R Builders
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
H R Charitable Trust
Rationale / Rating Methodologies 		Miscellaneous ^ -- -- -- --
H S Sandhu Builders Pvt. Ltd.
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
H Sherul & Company
Rationale / Rating Methodologies 		Gems and jewellery -- -- ^ -- --
H.D. Wires Private Limited
Rationale / Rating Methodologies 		Cables ^ -- ^ -- --
H.G. Ateli Narnaul Highway Private Limited
Rationale / Rating Methodologies 		Roads [ICRA]A+(CE) -- -- -- Positive
H.G. Ateli Narnaul Highway Private Limited
Rationale / Rating Methodologies 		Roads -- -- [ICRA]A1(CE) -- --
H.G. Infra Engineering Limited
Rationale / Rating Methodologies 		Construction [ICRA]A+ -- -- -- Positive
H.G. Infra Engineering Limited
Rationale / Rating Methodologies 		Construction [ICRA]A+ -- [ICRA]A1 -- Positive
H.G. Infra Engineering Limited
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A1 -- --
H.G. Rewari Ateli Highway Private Limited
Rationale / Rating Methodologies 		Roads [ICRA]A -- -- -- Stable
H.G. Rewari Ateli Highway Private Limited
Rationale / Rating Methodologies 		Roads -- -- [ICRA]A1 -- --
H.G. Rewari Bypass Pvt. Ltd.
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A1(CE) -- --
H.G. Rewari Bypass Pvt. Ltd.
Rationale / Rating Methodologies 		Construction [ICRA]A+(CE) -- -- -- Positive
H.K. Agro Impex
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
H.K. Agro Impex
Rationale / Rating Methodologies 		Agricultural Produce -- -- [ICRA]D ISSUER NOT COOPERATING -- --
H.K. Agro Impex
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
H.K. Agro Impex
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
H.M. Industrial Private Limited
Rationale / Rating Methodologies 		Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
H.M. Industries
Rationale / Rating Methodologies 		Textiles ^ -- -- -- --
H.P. Madhukar & Co.
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
H.R. Educational Foundation Trust
Rationale / Rating Methodologies 		Education [ICRA]D ISSUER NOT COOPERATING -- -- -- --
H.R. Steels Private Limited
Rationale / Rating Methodologies 		Ferrous metals ^ -- -- -- --
H.S. Sandhu Builders Pvt. Ltd.
Rationale / Rating Methodologies 		Construction [ICRA]B- -- -- -- Stable
H.S. Sandhu Builders Pvt. Ltd.
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4 -- --
H.S. Sandhu Builders Pvt. Ltd.
Rationale / Rating Methodologies 		Construction [ICRA]B- -- [ICRA]A4 -- Stable
H.S.India Limited
Rationale / Rating Methodologies 		Tourism Hotels and restaurant ^ -- ^ -- --
H.S.Weavers Pvt. Ltd.
Rationale / Rating Methodologies 		Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
H.S.Weavers Pvt. Ltd.
Rationale / Rating Methodologies 		Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
H.S.Weavers Pvt. Ltd.
Rationale / Rating Methodologies 		Textiles [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
H.V. Metal Arc Private Limited
Rationale / Rating Methodologies 		Ferrous metals ^ -- ^ -- --
H’Reck Engineers Private Limited
Rationale / Rating Methodologies 		Gems and jewellery ^ -- ^ -- --
Haamid Real Estates Private Limited
Rationale / Rating Methodologies 		Real estate * -- -- -- --
Habib Textiles Pvt. Ltd.
Rationale / Rating Methodologies 		Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Habitat Micro Build India Housing Finance Company Pvt Ltd
Rationale / Rating Methodologies 		Housing Finance Companies * -- -- -- --
Haco Machinery Private Limited
Rationale / Rating Methodologies 		Engineering ^ -- -- -- --
Hafele India Private Limited
Rationale / Rating Methodologies 		Distributors [ICRA]A+ -- [ICRA]A1 -- Stable
Hafele India Private Limited
Rationale / Rating Methodologies 		Distributors [ICRA]A+ -- [ICRA]A1 -- Stable
Hafele India Private Limited
Rationale / Rating Methodologies 		Distributors [ICRA]A+ -- [ICRA]A1 -- Stable
Hafele India Private Limited
Rationale / Rating Methodologies 		Distributors -- -- [ICRA]A1 -- --
Haideri Timber Pvt. Ltd.
Rationale / Rating Methodologies 		Utilities * -- * -- --
Recent Releases
  • Adani Hazira Port Limited (erstwhile Adani Hazira Port Private Limited): Rating reaffirmed at [ICRA]AA+(CE)(Stable)

    Rationale / 30 Nov 2021

  • R.V. Rayanam: Rating reaffirmed, rated amount enhanced

    Rationale / 30 Nov 2021

  • Mascot Constructions: [ICRA]BBB (Stable) reaffirmed

    Rationale / 30 Nov 2021

Read more
ICRA Special Comments
Festive season boosted most non-auto lead indicators in October 2021
Key Economic Indicators / Nov 2021 Reported NPAs to spike in the near term in view of the RBI’s revised NPA recognition and upgradation norms
NBFC – Retail & Commercial Finance / Nov 2021 Reported NPAs to spike in the near term in view of the RBI’s revised NPA recognition and upgradation norms
Housing Finance Companies / Nov 2021 Read more