CRISIL's criteria for assigning BLRs incorporate all the features of the criteria applied for rating bonds and debentures. Moreover, the criteria factor in features such as technical defaults and minor differences in defining due dates that are specific to bank facilities.
»FAQs - for Corporates »FAQs - for Banks
Symbols / List
CRISIL BLRs are assigned on a scale that is analogous to CRISIL's rating scale for long-term and short-term debt ratings. The scale ranges from 'AAA' to 'D' for a long-term rating (with maturity over 365 days), and from 'P1+' to 'P5' for a short-term rating (maturity of up to 365 days). CRISIL may apply '+' (plus) or '-' (minus) signs for ratings from 'AA' to 'C' on the long-term scale, and from 'P1' to 'P3' on the short-term scale, to reflect comparative standing within the category. Additionally, CRISIL may assign rating outlooks for BLRs from 'AAA' to 'B'. Ratings on 'Rating Watch' will not carry outlooks. A rating outlook indicates the direction in which a rating may move over a medium-term horizon of one-to-two years. A rating outlook can be 'Positive', 'Stable', or 'Negative'. A 'Positive' or a 'Negative' outlook is not necessarily a precursor to a rating change. * »List of BLRs assigned by CRISIL *
