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 Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, Line of Credit Rating and Valuation of Principal Protected-Market Linked Debentures (PP-MLD).
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
Wall Cera Tiles Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Wall Cera Tiles Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Wall Cera Tiles Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Wallmark Ceramic Industry
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Wallmark Ceramic Industry
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Wallmark Ceramic Industry
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Wanaparthy Municipality
Rationale / Rating Methodologies
Public finance [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Warade Pack Tech Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Warade Pack Tech Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Warade Pack Tech Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Warora Chandrapur Ballarpur Toll Road Limited
Rationale / Rating Methodologies
Roads [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Wave Beverages Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Beverages Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Beverages Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Distilleries and Breweries Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Distilleries and Breweries Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Web Spiders (India) Pvt Ltd
Rationale / Rating Methodologies
Information Technology and BPO [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Web Spiders (India) Pvt Ltd
Rationale / Rating Methodologies
Information Technology and BPO -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Webfil Limited
Rationale / Rating Methodologies
Telecom [ICRA]C+ ISSUER NOT COOPERATING -- -- -- --
Webfil Limited
Rationale / Rating Methodologies
Telecom [ICRA]C+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Webfil Limited
Rationale / Rating Methodologies
Telecom [ICRA]C+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Welcome Tiles Private Limited
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Welcome Tiles Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Welcome Tiles Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
West Coast Foods
Rationale / Rating Methodologies
Seafoods -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
West Coast Foods
Rationale / Rating Methodologies
Seafoods -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
West Coast Foods
Rationale / Rating Methodologies
Seafoods [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Western Construction Co. (Gujarat) LLP
Rationale / Rating Methodologies
Real estate [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Western Hill Foods Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Western Hill Foods Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Western Hill Foods Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Wheel Flexible Packaging
Rationale / Rating Methodologies
Utilities [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Wheel Flexible Packaging
Rationale / Rating Methodologies
Utilities [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Whitefield Spintex (India) Pvt. Ltd.
Rationale / Rating Methodologies
Utilities [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Whitefield Spintex (India) Pvt. Ltd.
Rationale / Rating Methodologies
Utilities [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Whitefield Spintex (India) Pvt. Ltd.
Rationale / Rating Methodologies
Utilities -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Whitefield Spintex (India) Pvt. Ltd.
Rationale / Rating Methodologies
Utilities -- -- [ICRA]D ISSUER NOT COOPERATING -- --
White-Tone Micron Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
White-Tone Micron Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Wiintrack Exports
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Wiintrack Exports
Rationale / Rating Methodologies
Textiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Windsor Industries Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]BBB ISSUER NOT COOPERATING -- -- -- Positive
Winner Nippon Electronics Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Winner Nippon Electronics Ltd.
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Winner Nippon Electronics Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Winner Nippon Electronics Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Wintop Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Wintop Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Wintop Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Wintop Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Winwind Power Energy Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Winwind Power Energy Private Limited
Rationale / Rating Methodologies
Power -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Winwind Power Energy Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Women’s Next Loungeries Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Wonder Construction
Rationale / Rating Methodologies
Construction [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Wonder Construction
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Wonder Signs
Rationale / Rating Methodologies
Distributors [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Wonder Signs
Rationale / Rating Methodologies
Distributors -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Woodhill Infrastructure Limited
Rationale / Rating Methodologies
Construction [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Woodhill Infrastructure Limited
Rationale / Rating Methodologies
Construction [ICRA]BB+ ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
Woodhill Infrastructure Limited
Rationale / Rating Methodologies
Construction [ICRA]BB+ ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
Woolways (India) Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Recent Releases

  • Bajaj Electricals Limited: Ratings revised to [ICRA]A-(Negative)/[ICRA]A2+; outlook remains Negative

    Rationale / 15 Nov 2019

  • GTN Industries Limited: Long-term rating upgraded to [ICRA]B(Stable); Short-term rating reaffirmed

    Rationale / 15 Nov 2019

  • T S Alloys Limited: Ratings reaffirmed and placed on Rating watch wT S Alloys Limited: Ratings reaffirmed and placed on Rating watch with developing implications ith developing implications

    Rationale / 15 Nov 2019