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 | CARE RATINGS LIMITED | 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 | 0 | 0 | 1 | 2 | 5 | 11 | 70 | 3 | 0 | 1 |
| 2 | Number of downgrades to default from investment grade ratings | 1 | 0 | 0 | 0 | 0 | 3 | 3 | 1 | 1 | 0 | 0 |
| 3 | Number of rating upgrades of more than 3 notches | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 13 | 0 | 0 |
| 4 | Number of outstanding ratings as on March 31, 2024 | 298 | *256 | 695 | 190 | 198 | 2270 | 2339 | 11589 | 11589 | 258 | 267 |
