Credit ratings by agencies can help you make smarter investment choices in such cases. CRISIL is one such global analytical company that provides ratings, research, along with risk and policy advisory services. It is India’s first credit rating agency, which has pioneered the concept of credit rating in the nation.
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Some of the debt instruments rated by CRISIL include loans, commercial papers, non-convertible debentures, bank hybrid capital instruments, asset-backed securities, mortgage-backed securities, bonds, certificates of deposit, etc.
CRISIL plays an essential role in helping borrowers or investors access loans or invest their money with credible financiers. Here’s a look at the role of CRISIL ratings:
A financier’s asset quality is a measure of its ability to manage credit risks. It not only depends on the credit quality of its clients, but also on its ability to manage asset portfolio. Here’s a look at their rating criteria.
When it comes to investing in Fixed Deposits, we tend to look for lucrative options and high returns. This makes us gravitate towards financiers who offer higher interest rates. However, there is an additional risk, when it comes to investing in certain company deposits, due to lack of government backing.
Hence, depositors risk losing the money they invest. However, CRISIL Ratings can help you take the right decisions, as you can determine the rating quality and opt for the right financier. CRISIL ratings enable you to sieve through the seemingly attractive offers, available across different companies. You can use these ratings as a benchmark to make a comparative analysis amongst various players in the market.
Here’s a look at CRISIL’s rating system for Fixed Deposit ratings:
| Rating | Meaning |
|---|---|
| NM | Not Meaningful |
| FD | Default |
| FC | High risk |
| FB | Inadequate safety |
| FA | Adequate safety |
| FAA | High safety |
| FAAA | Highest safety |
There is no direct impact of CRISIL ratings on the interest rates of a Company FD, but usually investors take their investment decisions, based on the credibility of any entity.
Bajaj Finance Fixed Deposits have a FAAA/Stable rating from CRISIL, which indicates the highest safety and lowest investment risk. Bajaj Finance FDs also have a rating of MAAA (stable) from ICRA, which is another reason to invest in them.
In addition to high safety and credibility, you can also get these benefits with Bajaj Finance Fixed Deposits:
Still have any doubt? Check Customer Portal to read unbiased reviews of investors or directly contact Bajaj Finserv Customer Care.
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