Investor Credit Ratings


Srei Infrastructure Finance Ltd.

8-11-2019
PARTICULARS CARE* ICRA BRICKWORK# ACUITE@
Long Term Banking facilities CARE A+ - - -
Short Term Banking Facilities CARE A1 - - -
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 Bonds CARE A- - BWR BBB+ -

* Credit watch with Negative Implications
# -ve Outlook
$ Rating watch with Negative Implications

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