Bond / NCD / CP Ratings

SMERA assigns credit ratings for various debt instruments such as Bonds, Non-Convertible Debentures and Structured Debt products as well as Commercial Papers issued by Corporates, Government and other entities. The debt instruments are generally medium / long tenure products and the, Commercial Papers are generally short term debt offerings. The debt securities which are proposed to be listed with Stock Exchanges are required to obtain credit rating from a credit rating agency registered with Securities & Exchange Board of India (SEBI).

Benefits to the Investor:

  • Credit Rating provides an independent, unbiased opinion on the debt instrument, indicating the degree of safety with regard to timely payment of interest and principal based on detailed analysis of all relevant factors.
  • Investor gets reliable information free of cost, other than that in public domain.

Benefits to the Issuer:

  • The issuer gets to understand its relative standing in comparison to its peers.
  • Enables the issuer to arrive at a fair price of his borrowings.
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