ICRA SME 1 The Highest Credit Quality
ICRA SME 2 The High Credit Quality
ICRA SME 3 The Adequate Credit Quality
ICRA SME 4 The Moderate Credit Quality
ICRA SME 5 The Inadequate Credit Quality
ICRA SME 6 The Risk – Prone Credit Quality
ICRA SME 7 The Poor Credit Quality
ICRA SME 8 The Lowest Credit Quality
Note: For the Rating categories ICRA SME 2 through to ICRA SME 7 the sign of + (plus) or – (minus) may be appended to the Rating symbols to indicate their relative position within the Rating categories concerned. Thus, the Rating of ICRA SME 2+ is one notch higher than ICRA SME 2, while ICRA SME 2– is one notch lower than ICRA SME 2.
Recent Releases

  • Miranda Tools Private Limited (erstwhile PMP Auto Components Private Limited)- Update on Material Event; ratings downgraded to [ICRA]BB+ and [ICRA]A4+; outlook revised to Negative

    Rationale / 13 Dec 2019

  • Update on reason for delay in periodic surveillance

    Rationale / 13 Dec 2019

  • Update on reason for delay in periodic surveillance

    Rationale / 13 Dec 2019