CRISIL Ratings: Rating Actions and Rated Bonds
CRISIL Ratings is a SEBI-registered credit rating agency. On 9 Nov 2026 we hold current CRISIL ratings on 1,853 active bonds from 288 issuers; 923 of them are rated AAA. The latest CRISIL upgrade, downgrade, watch or withdrawal on file: Supreet Chemicals Limited, upgrade on 6 Nov 2026. Every action links to its source; CRISIL's own website carries the full rationale.
CRISIL ratings by grade
| Grade | Active bonds rated by CRISIL | All agencies |
|---|---|---|
| AAA | 923 | All AAA rated bonds |
| AA+ to AA- | 643 | All AA rated bonds |
| A+ to A- | 152 | All A rated bonds |
| BBB+ to BBB- | 130 | All BBB rated bonds |
| Below BBB- (incl. D) | 3 | All below-BBB rated bonds |
| Short-term or other scale | 2 | — |
The long-term scale (AAA to D) is the same at every SEBI-registered agency; each writes it with its own prefix, so CRISIL's top grade appears as “CRISIL AAA”. Counts use the rating CRISIL gave each bond, from exchange listings and agency releases; the newest is dated 6 Nov 2026. A bond rated by two agencies is counted on both pages.
CRISIL rating actions
| Action | November 2026 | Last 90 days |
|---|---|---|
| Upgrade | 25 | 278 |
| Downgrade | 5 | 90 |
| Rating watch | 26 | 324 |
| Withdrawal | 4 | 177 |
| Reaffirmed | 107 | 1,793 |
| New rating | 23 | 485 |
| Issuer not cooperating | 164 | 2,760 |
| Rating update | 41 | 700 |
| Other | 7 | 51 |
Actions come from CRISIL's own published list (10,548 since 16 Jun 2026), including companies that are not bond issuers.
Latest upgrades, downgrades, watches and withdrawals
Latest reaffirmations and new ratings
| Date | Company | Action | Rating | Source |
|---|---|---|---|---|
| 6 Nov 2026 | Victus Dyeings | Reaffirmed | BBB+ / Negative | Rationale ↗ |
| 6 Nov 2026 | ACME Global Green Hydrogen Private Limited | New rating | A / Stable | Rationale ↗ |
| 6 Nov 2026 | Tata Capital Housing Finance Limited | New rating | AAA / Stable | Rationale ↗ |
| 6 Nov 2026 | Ramnik Power and Alloys Private Limited | Reaffirmed | BBB+ / Stable | Rationale ↗ |
| 6 Nov 2026 | Karam Singh And Company | New rating | BBB- / Stable | Rationale ↗ |
| 6 Nov 2026 | Yatharth Hospital And Trauma Care Services Limited | Reaffirmed | A / Stable | Rationale ↗ |
| 6 Nov 2026 | TVS Credit Services Limited | Reaffirmed | AA+ / Stable | Rationale ↗ |
| 6 Nov 2026 | Poorvanchal Food Products Private Limited | Reaffirmed | BB+ / Stable | Rationale ↗ |
| 6 Nov 2026 | Green Gene Enviro Protection And Infrastructure Limited | Reaffirmed | A- / Stable | Rationale ↗ |
| 6 Nov 2026 | Noel Media and Advertising Private Limited | Reaffirmed | A / Stable | Rationale ↗ |
Every month's upgrades, downgrades, watches and withdrawals across agencies: rating actions by month.
Issuers with the most CRISIL-rated bonds
| Issuer | Bonds rated by CRISIL | Most common CRISIL grade |
|---|---|---|
| Sammaan Capital Limited | 105 | AA |
| Power Finance Corporation Limited | 69 | AAA |
| REC Limited | 57 | AAA |
| Bajaj Finance Limited | 48 | AAA |
| HDB Financial Services Limited | 48 | AAA |
| IIFL Finance Limited | 48 | AA |
| Indian Railway Finance Corporation Limited | 44 | AAA |
| Poonawalla Fincorp Limited | 37 | AAA |
| L&T Finance Limited | 36 | AAA |
| Shriram Finance Limited | 36 | AA+ |
| Muthoot Fincorp Limited | 29 | AA- |
| Axis Finance Limited | 28 | AAA |
| Bajaj Housing Finance Limited | 28 | AAA |
| Kotak Mahindra Prime Limited | 27 | AAA |
| India Infradebt Limited | 25 | AAA |
| Aditya Birla Capital Limited | 24 | AAA |
| Hinduja Leyland Finance Limited | 23 | AA+ |
| Indigrid Infrastructure Trust | 22 | AAA |
| State Bank of India | 21 | AA |
| Credila Financial Services Limited | 19 | AAA |
Rated bonds on file by agency
| Agency | Active bonds rated |
|---|---|
| CRISIL | 1,853 |
| CARE | 1,400 |
| ICRA | 741 |
| India Ratings | 520 |
| Acuité | 175 |
| Infomerics | 147 |
| Brickwork | 124 |
Risk warning: This page is for informational purposes only and does not constitute investment advice. Credit ratings are the published opinion of the respective SEBI-registered agency, not of RetailBonds.in, and can change. See our disclaimer.