Current India credit ratings, according to main rating agencies.
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Rating Agency | Rating | Outlook | Last Update | Action |
---|---|---|---|---|
Standard & Poor's | BBB- | - | 26 Sep 2014 | outlook upgrade |
Moody's Investors Service | Baa3 | negative | 1 Jun 2020 | rating downgrade |
Fitch Ratings | BBB- | negative | 18 Jun 2020 | outlook downgrade |
DBRS | BBB | negative | 22 May 2020 | outlook downgrade |
India Credit Ratings: Long-term Rating Scales Comparison
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Description | S&P | Moody's | Fitch | DBRS | Grade |
---|---|---|---|---|---|
Prime | AAA | Aaa | AAA | AAA | Investment |
High Medium Grade | AA+ | Aa1 | AA+ | AA(high) | |
AA | Aa2 | AA | AA | ||
AA- | Aa3 | AA- | AA(low) | ||
Upper Medium Grade | A+ | A1 | A+ | A(high) | |
A | A2 | A | A | ||
A- | A3 | A- | A(low) | ||
Lower Medium Grade | BBB+ | Baa1 | BBB+ | BBB(high) | |
BBB | Baa2 | BBB | BBB | ||
BBB- | Baa3 | BBB- | BBB(low) | ||
Speculative | BB+ | Ba1 | BB+ | BB(high) | Speculative |
BB | Ba2 | BB | BB | ||
BB- | Ba3 | BB- | BB(low) | ||
Highly Speculative | B+ | B1 | B+ | B(high) | |
B | B2 | B | B | ||
B- | B3 | B- | B(low) | ||
Substantial Risk | CCC+ | Caa1 | CCC+ | CCC(high) | |
CCC | Caa2 | CCC | CCC | ||
CCC- | Caa3 | CCC- | CCC(low) | ||
Extremely Speculative | CC | Ca | CC | CC | |
C | Ca | C | C | ||
In Default | RD | C | RD | RD | |
SD | / | SD | SD | ||
D | / | D | D |
India Credit Ratings historical data
Timetable of India credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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Date | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|
18 Jun 2020 | BBB- | |||
1 Jun 2020 | Baa3 | |||
22 May 2020 | BBB | |||
8 Nov 2019 | Baa2 | |||
16 Nov 2017 | Baa2 | |||
5 Nov 2015 | BBB | |||
9 Apr 2015 | Baa3 | |||
5 Nov 2014 | BBB (low) | |||
26 Sep 2014 | BBB- | |||
30 Sep 2013 | BBB(low) | |||
12 Jun 2013 | BBB- | |||
18 Jun 2012 | BBB- | |||
25 Apr 2012 | BBB- | |||
23 Jun 2011 | BBB (low) | |||
18 Mar 2010 | BBB- | |||
13 Oct 2009 | BBB (low) | |||
24 Feb 2009 | BBB- | |||
26 Jun 2007 | BBB (low) | |||
30 Jan 2007 | BBB- | |||
1 Aug 2006 | BBB- | |||
19 Apr 2006 | BB+ | |||
2 Feb 2005 | BB+ | |||
23 Aug 2004 | BB | |||
22 Jan 2004 | Baa3 | |||
21 Jan 2004 | BB+ | |||
16 Dec 2003 | BB | |||
16 Oct 2003 | Ba1 | |||
3 Feb 2003 | Ba1 | |||
14 Nov 2002 | Ba2 | |||
22 Nov 2001 | BB | |||
8 Aug 2001 | Ba2 | |||
7 Aug 2001 | BB | |||
31 May 2001 | BB+ | |||
10 Oct 2000 | BB | |||
20 Mar 2000 | BB | |||
8 Mar 2000 | BB+ | |||
6 Oct 1999 | Ba2 | |||
22 Oct 1998 | BB | |||
19 Jun 1998 | Ba2 | |||
22 May 1998 | BB+ | |||
8 Jan 1998 | Baa3 | |||
6 Oct 1997 | BB+ | |||
1 Oct 1996 | BB+ | |||
1 Dec 1994 | Baa3 | |||
14 Sep 1994 | Ba2 | |||
24 Jun 1991 | Ba2 | |||
29 May 1991 | BB+ | |||
26 Mar 1991 | Baa3 | |||
7 Mar 1991 | BBB- | |||
4 Oct 1990 | Baa1 | |||
13 Sep 1990 | BBB | |||
28 Jan 1988 | A2 |