| Credit Rating Agency | Instruments | Ratings |
|---|
| CRISIL | Long Term Bank Lines | CRISIL AA/Negative |
|---|
| Long Term Principal Protected Market Linked Debentures | CRISIL PP-MLD AAr/Negative |
| Subordinated Debt | CRISIL AA/Negative |
| Non Convertible Debentures | CRISIL AA/Negative |
| Commercial Paper Programme (IPO Financing) | CRISIL A1+ |
| `ICRA | Long-term Bank Lines | [ICRA]AA (negative) |
|---|
| Secured NCD Programme | [ICRA]AA (negative) |
| Subordinated Debt Programme | [ICRA]AA (negative) |
| Unsecured NCD Programme | [ICRA]AA (negative) |
| Long-term Principal Protected Equity Linked Debenture Programme | PP-MLD[ICRA]AA (negative) |
| Long-term Principal Protected Market Linked Debenture Programme | PP-MLD[ICRA]AA (negative) |
| Commercial Paper Programme | [ICRA]A1+ |
| Commercial Paper Programme (IPO Financing) | [ICRA]A1+ |
| CARE | Long Term Bank Lines | CARE AA Negative |
|---|
| Non-convertible Debenture | CARE AA Negative |
| Subordinated Debt | CARE AA Negative |
| Brickworks | Secured NCDs | BWR AA+ ‘Negative’ |
|---|
| Unsecured Subordinated NCDs | BWR AA+ ‘Negative’ |
| Moody's | Corporate family rating (CFR) | B1 / Review for downgrade |
|---|
| Long-term foreign- and local-currency senior secured ratings to USD1 billion Medium Term Note (MTN) program. | B1 / Review for downgrade |
| Fitch | Long-Term Issuer Default Rating (IDR) | B+ / Negative Watch |
|---|
| Senior secured notes issued under USD1 billion Medium Term Note (MTN) Programme | B+ / Negative Watch |
