CRA Disclosure
ANNEXURE
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ANNEXURE B
Sharp rating actions in investment grade rating category (excluding non-cooperative issuers)
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| NUMBER OF RATINGS | ||||||||||||||
| Sr.No | Rating action | INDIA RATING AND RESEARCH PVT LTD (excluding non-cooperative issuers) | INDIA RATING AND RESEARCH PVT LTD (including non-cooperative issuers) | CARE RATINGS LIMITED (excluding non-cooperative issuers) | CARE RATINGS LIMITED (including non-cooperative issuers) | CRISIL LIMITED | ACUITE RATINGS AND RESEARCH LTD. (excluding non-cooperative issuers) | ACUITE RATINGS AND RESEARCH LTD.(all issuers including non-cooperative issuers) | INFOMERICS VALUATION AND RATING PVT. LTD (excluding non-cooperative issuers) | INFOMERICS VALUATION AND RATING PVT. LTD (including non-cooperative issuers) | BRICKWORK RATINGS INDIA PVT. LTD. (Including INC Cases) | BRICKWORK RATINGS INDIA PVT. LTD. (Excluding INC Cases) | ICRA LIMITED (excluding non-cooperative issuers) | ICRA LIMITED (including non-cooperative issuers) |
| 1 | Number of rating downgrades of more than 3 notches | 1 | 1 | 1 | 1 | 0 | 2 | 2 | 0 | 1 | 4 | 0 | 1 | 1 |
| 2 | Number of downgrades to default from investment grade ratings | 1 | 1 | 0 | 0 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 1 |
| 3 | Number of rating upgrades of more than 3 notches | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | Number of outstanding ratings as on September 30, 2024 | 315 | 318 | 278 | 278 | 683 | 190 | 204 | 43 | 52 | 309 | 164 | 258 | 268 |
