Log In

 
Company : Brickwork Ratings 
Tuesday, January 24, 2017 6:50PM IST (1:20PM GMT)
 
Brickwork Ratings (BWR) Updates its Issuer Rating Scale
Bengaluru, Karnataka, India

Brickwork Ratings has updated the Issuer Rating Scale with the following.

Issuer Ratings
 

Symbols Rating Definition
BWR AAA Issuers with this rating are considered to offer the highest degree of safety and carry lowest credit risk
BWR AA Issuers with this rating are considered to offer high degree of safety and carry very low credit risk.
BWR A Issuers with this rating are considered to offer adequate degree of safety and carry low credit risk.
BWR BBB Issuers with this rating are considered to offer moderate degree of safety and carry moderate credit risk.
BWR BB Issuers with this rating are considered to offer moderate risk of default
BWR B Issuers with this rating are considered to offer high risk of default
BWR C Issuers with this rating are considered to offer very high risk of default
BWR D Issuers with this rating are in default or are expected to be in default soon

Note:

a. {“+” (plus) “-” (minus)} modifiers can be used with BWR AA to BWR C The modifiers reflect the comparative standing for the same rating category.
b. BWR assigns Rating “outlook” for Ratings 'AAA' to 'B'. The Rating outlook indicates the direction a rating is likely to move over a period of time and may be classified as Positive, Stable or Negative. 
c. The issuer rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument.
d. The ratings symbols for Issuer ratings have been updated vide press release dated 24-01-2017 

The earlier Rating Scale is enclosed for reference.

Issuer Ratings
 
Symbols Rating Definition  
BWR AAA
(BWR Triple A)
Issuer with ‘AAA’ rating is considered to offer the highest degree of credit worthiness.
BWR AA
(BWR Double A)
Issuer with ‘AA’ rating is considered to offer a high degree of credit worthiness.
BWR A Issuer with ‘A’ rating is considered to offer adequate degree of credit worthiness.
BWR BBB
(BWR Triple B)
Issuer with this rating is considered to offer moderate degree of credit worthiness.
BWR BB
(BWR Double B)
Issuer with this rating is considered to offer inadequate degree of credit worthiness.
BWR B Issuer with this rating is considered to offer low degree of credit worthiness.
BWR C Issuer with this rating is considered to offer very low degree of credit worthiness.
BWR D Issuer with this rating is in default or expected to default on maturity.

Note:

a. {“+” (plus) “-” (minus)} modifiers can be used with BWR AA to BWR C. The modifiers reflect the comparative standing for the same rating category.
b. BWR assigns Rating “outlook” for Ratings 'AAA' to 'B'. The Rating outlook indicates the direction a rating is likely to move over a period of time and may be classified as Positive, Stable or Negative.

About Brickwork Ratings
 
Brickwork Ratings (BWR), a SEBI registered Credit Rating Agency, has also been accredited by RBI and empaneled by NSIC, offers Bank Loan, NCD, Commercial Paper, MSME ratings and grading services. NABARD has empaneled Brickwork for MFI and NGO grading. BWR is accredited by IREDA & the Ministry of New and Renewable Energy (MNRE), Government of India, to grade companies seeking credit facilities from IREDA, Renewable Energy Service providing Companies (RESCOs) and System Integrators (SIs).

Brickwork Ratings founded by bankers, credit rating professionals, former regulators as well as professors, is committed to promoting Financial Literacy. Brickwork Ratings has Canara Bank, a leading Private Sector Bank, as its promoter and strategic partner.

BWR has its corporate office in Bengaluru and a country-wide presence with its offices in Ahmedabad, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai and New Delhi along with representatives in 150+ locations.

BWR has rated debt instruments/bonds/bank loans, securitized paper of over ₹9,30,000 Cr. In addition, BWR has rated about 5000 MSMEs. Also, Fixed Deposits and Commercial Papers etc. worth over ₹19,700 Cr have been rated. BWR has rated over 30 PSU/ Public Sector Banks, as well as many major private players. Brickwork has a major presence in ULB rating of nearly 100 cities. BWR has major presence in rating of securities receipts. BWR also rates debt mutual funds, Basel bonds as well as PPMLD (Principal Protected Market Linked Debentures).

BWR's ratings for large corporate customers, MSMEs, banks, financial institutions, state and local governments, help investors understand the complexity of the investment world.

 
For News Release background on Brickwork Ratings click here
 
Media Contact Details
Anitha Girish, Brickwork Ratings, +91 (80) 40409940 Ext. 302, media@brickworkratings.com
 
 
Submit your press release
More News from Brickwork Ratings

12/11/2018 3:02PM

Present Challenges Being Faced by Non-Banking and Housing Finance Companies

Brickwork Ratings (BWR) has taken note of the current liquidity issues being faced by many companies in the NBFC/HFC sector.

25/10/2017 6:17PM

Brickwork Ratings Places 16 Public Sector Banks on Credit Watch with Positive Implications

Brickwork Ratings (BWR) has placed a Credit Watch with Positive Implications for the bond ratings of 16 Public Sector Banks rated by BWR.

25/10/2017 12:01PM

Recapitalisation of Banks to Propel Economic Growth. Banks and MSMEs to Benefit - Brickwork Ratings

Government of India’s announcement to infuse INR 2.11 Lakh Crores into Public Sector Banks (PSB) is a credit positive step for the NPA plagued sector. With this Brickwork Ratings expects PSBs credit profile to improve ...

Similar News

21/01/2019 2:05PM

ABSYZ, a Salesforce Platinum Partner Acquired by Youngsoft Inc.

Youngsoft Inc., the premiere technology and consulting firm, today announced that it has signed a definitive agreement to acquire majority stake in ABSYZ Software Consulting Pvt. Ltd, a Platinum Salesforce Partner with ...

No Image

21/01/2019 1:15PM

Old Electrical Wiring: An Invitation to Electrical Accidents

Efficiency and safety are the keys to a smart home. While all the new buildings must meet the mandatory electrical safety standards, it is older buildings that pose a great concern. It is these buildings that are not ...