The Benefits of Having a Good ICRA Rating

Credit Rating is the evaluation of a company's financial worthiness with respect to the market as a whole. The higher the credit rating, the more trustworthy the company's investment are and vice-versa. Credit Rating is a huge factor that affects major players in the markets such as potential investors, financial companies and venture capitalists among others. All the instruments whatever the tenor [i.e.-Long term and Short Term] will affect the company's credit rating respectively. ICRA stands for Information and Credit Rating Agency of India Limited. It is the second largest credit rating agency in India. ICRA has acted as the go-to credit rating agency for all the potential investors, financial institutions and creditors since 1991. The parent company of ICRA is Moody’s Investor Service, one of the three biggest credit rating agencies in the business. The primary task of ICRA is providing information and guidance in the form of ICRA ratings, grading and research.

ICRA Rating Scale based on Long, Medium and Short term

Rating Definitions	Symbols used in Short Term	Symbols used in Medium Term	Symbols used in Long Term
This is the highest credit rating assigned by ICRA. This particular instrument carries low credit risk.	AAA AA+ AA AA- A+ A	MAAA MAA	LAAA/AAA LAA/AA
This is an adequate credit rating assigned by ICRA. This instrument carries an average credit risk.	A- BBB+ BBB	MA	LA/A
This is an inadequate credit rating assigned by ICRA. This instrument carries above-average credit risk.	BBB-	MB	LBBB/BBB
This is a risk-prone credit rating quality assigned by ICRA. This instrument carries high credit risk.	BB+ BB BB- B+ B B- C+ C C-	MC	LBB/BB
This is the lowest credit rating quality assigned by ICRA. This instrument carries are in default.	D	MD	LD/D

What are the benefits that come with Good ICRA Ratings?

The benefits available to a corporate entity with respect to favorable ratings are

It provides benefits to the financial intermediaries and brokers as they have to put less effort into analyzing the creditworthiness of the client.

ICRA ratings are a good way of earning the recognition through the investor base, and a favorable rating goes a long way in doing so.

Good ratings work as a marketing tool on its own for the companies respectively.

It allows raising funds with fewer efforts on the company's side as investors don't need to be attracted anymore.

It facilitates effective pricing along with adequate timing for issue respectively.

The company which possesses higher ratings would be able to widen its audience by using the respective Media for the purpose of resource mobilization. 

ICRA ratings promote lower cost of borrowings for the company in general.

These ratings are used as a rule of thumb for individuals before making an investment decision.

Optimize the benefits with Bajaj Finance

To optimize the benefits availed with favorable rating choose Bajaj Finance Fixed Deposits-

• Bajaj Finance has been categorized MAAA under ICRA which ensures high stability and credibility along with assured gains.
• The online Fixed Deposit Calculator helps to evaluate the returns in advance as well as calculate the applicable Fixed Deposit interest rates.
• One can enjoy the accessibility that comes with Bajaj Finance’s 200+ branches across India.
• One can also track the status of FD application as well as manage the FD account online under this fixed deposit scheme.
• Bajaj Finance Fixed Deposit offers flexible tenors to its clients with a period between 12 and 60 months.
• The company has also been categorized FAAA under ICRA which ensures high stability and credibility along with assured gains.
• Under this scheme, renewals on policy avail the account holder an additional 0.25% and more interest as compared to the last interest rate applicable under this policy.
• The interest rate provided under this scheme is 8.75%- 9.10% per annum.
• Senior citizens under this scheme can avail 0.35% higher interest rates under Senior Citizen FD scheme.
• There is a special tenor under this policy provided for a period of 15 months which provides an interest rate of 0.25% more as compared to the policy which is for a period of 12 months.
• To open a Fixed Deposit account under this scheme, a minimum initial deposit of Rs 25,000 /- is required.