Investor Credit Ratings


Srei Infrastructure Finance Ltd.

16-06-2020
PARTICULARS CARE RATING* BRICKWORK RATING#
Long Term Bank Facilities CARE BBB+ (Credit Watch with developing implications) -
Short Term Bank Facilities CARE A2 (Credit Watch with developing implications) -
Commercial paper - BWR A1
Long Term Infra Bonds CARE BBB+ (Credit Watch with developing implications) -
NCD-Secured CARE BBB+ (Credit Watch with developing implications) -
Proposed NCD CARE BBB+ (Credit Watch with developing implications) -
Unsecured Tier II CARE BBB (Credit Watch with developing implications) -
Secured NCDs - BWR A+ / Negative Outlook
Unsecured NCDs - BWR A+ / Negative Outlook
Perpetual NCD - BWR BBB+ / Negative Outlook

* Credit Watch with developing implications
# -ve Outlook

Srei Equipment Finance Ltd.

PARTICULARS CARE BRICKWORK ACUITE
Short Term Debt Instruments Commercial Paper CARE A1* BWR A1 -
Secured Redeemable NCDs CARE A+* BWR A+ ACUITE A+#
Subordinate Redeemable (Tier II) NCDs CARE A+* BWR A+ ACUITE A+#
Perpetual Debentures CARE A-* BWR BBB+ -

*Credit watch with Negative Implication
#Under watch with Negative Implication