A substantial portion of the information shared by the company is highly sensitive, and is provided by the issuer only for the purpose of arriving at ratings. Such information is kept strictly confidential by the ratings group and not shared with other divisions or group companies of CRISIL. It is not used for any other purpose, or by any entity other than CRISIL Ratings.
The fact that an issuer has sought a rating is in itself a confidential information and is made public only when an accepted initial rating is released. In case the initial rating is not accepted, the assignment remains confidential.