Credit ratings displayed under this list are continuously monitored and are subject to revision accordingly. Please visit our website www.icra.in or contact any ICRA office for latest information on ICRA ratings outstanding.

Credit rating is a symbolic indicator of ICRA’s current opinion on the relative capability of the issuer concerned to timely service debts and obligations, with reference to the instrument rated. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable including when appropriate, independent third- party sources. Although reasonable care has been taken to ensure that the information herein is true, such information is provided 'as is' without any warranty of any kind, and ICRA in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. All information contained herein must be construed solely as statements of opinion, and ICRA shall not be liable for any losses incurred by users from any use of this publication or its contents.

ICRA ratings should not be treated as a recommendation to buy, sell or hold the rated debt instruments. ICRA ratings do not constitute an audit by ICRA and further, no aspect or conclusion of its ratings is meant to be construed as legal advice.