ICRA MSE 1 Highest creditworthiness in relation to other MSEs
ICRA MSE 2 High creditworthiness in relation to other MSEs
ICRA MSE 3 Good creditworthiness in relation to other MSEs
ICRA MSE 4 Above average creditworthiness in relation to other MSEs
ICRA MSE 5 Average creditworthiness in relation to other MSEs
ICRA MSE 6 Below average creditworthiness in relation to other MSEs
ICRA MSE 7 Weak creditworthiness in relation to other MSEs
ICRA MSE 8 Poor creditworthiness in relation to other MSEs

Financial Strength indicated by the following
Highest
High
Good
Above Average
Average
Below Average
Weak
Poor