Independent Credit Evaluation

Symbol Definition
[ICRA]RP1 Debt facilities/instruments with this symbol are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such debt facilities/instruments carry lowest credit risk.
[ICRA]RP2 Debt facilities/instruments with this symbol are considered to have high degree of safety regarding timely servicing of financial obligations. Such debt facilities/instruments carry very low credit risk.
[ICRA]RP3 Debt facilities/instruments with this symbol are considered to have the adequate degree of safety regarding timely servicing of financial obligations. Such debt facilities/instruments carry low credit risk.
[ICRA]RP4 Debt facilities/instruments with this symbol are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such debt facilities/instruments carry moderate credit risk.
[ICRA]RP5 Debt facilities/instruments with this symbol are considered to have moderate risk of default regarding timely servicing of financial obligations.
[ICRA]RP6 Debt facilities/instruments with this symbol are considered to have high risk of default regarding timely servicing of financial obligations.
[ICRA]RP7 Debt facilities/instruments with this symbol are considered to have very high risk of default regarding timely servicing of financial obligations.