ANNEXURE B
Sharp rating actions in investment grade rating category (excluding non-cooperative issuers)
NUMBER OF RATINGS
Sr.No Rating action INDIA RATING AND RESEARCH PVT LTD CARE RATINGS LIMITED CRISIL LIMITED ACUITE RATINGS AND RESEARCH LTD. INFOMERICS VALUATION AND RATING PVT. LTD BRICKWORK RATINGS INDIA PVT. LTD. ICRA LIMITED
1 Number of rating downgrades of more than 3 notches 1 0 0 0 1 11 0
2 Number of downgrades to default from investment grade ratings 1 0 0 0 0 11 0
3 Number of rating upgrades of more than 3 notches 1 2 0 0 0 0 0
4 Number of outstanding ratings as on September 30, 2021 282 468* 773 135 34$ 13192 360#
* Includes 120 Securitisation transactions
$Total outstanding ratings as on September 30th , 2021 is including Investment grade and Non-Investment grade ratings and Excluding Non- cooperative issuers. Out of 34, 15 are Non Investment grade category.
#Assumptions: * Number of outstanding ratings as on Sep 30, 2021 has been reported Issuer wise and are reported for both investment grade and non-investment grade ratings

Page last updated on October 26, 2021    Dept:Operations