ICRA Limited

Ratings Methodologies

Rating Scale

Guide to Credit Ratings

Ratings Performance

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FAQs

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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.