Reference material written for people who read Indian rating documents as part of their job — credit and risk teams, arrangers, advisory desks, and anyone who has been handed a rating press release and needs to know which parts of it matter.
Everything here is an explainer of somebody else’s framework: the RBI’s, SEBI’s, or a rating agency’s. None of it describes TatvaRatings. Where a page carries a number from our own corpus, the number carries an as-at date.
Guides
Longer pieces, each written for a practitioner rather than a first-time reader.
Credit rating agencies in India →
The seven SEBI-registered agencies we ingest, what each is known for, how the long-term and short-term scales work, why a bank loan rating is a different animal from an instrument rating, and what varies between agencies in practice.
How to check a company's credit rating →
Where each of the seven publishes, what you can look up without paying anything, how to tell you have the right legal entity, and what a rating does and does not tell you once you have found it.
How to read a rating press release →
The document section by section, in the order it appears, including the lender-wise annexure that most readers do not know is there.
CRILC
The RBI’s Central Repository of Information on Large Credits is the system most people mean when they ask whether Indian lender exposure data exists anywhere. These two pages explain what it is and who is permitted to file into it and read from it.
What CRILC is →
The ₹5 crore aggregate-exposure trigger, the SMA day bands, the monthly CRILC-Main return and the weekly default report, the reporting population, and CRILC's origin in the RBI's 2014 distressed-assets framework. Sourced to rbi.org.in throughout.
Who can access CRILC data →
The filing and access population, where NBFCs and urban co-operative banks sit, and how the CRILC regime differs from the specified-user regime under the Credit Information Companies (Regulation) Act, 2005. Three separate regimes, not three tiers of one.
Glossary
Short definitional pages for the terminology that appears in Indian rating documents and in the regulation around them — from the lender-wise annexure and the bank loan rating to SMA classification, consortium lending and the large exposures framework.
Comparisons
Neutral, sourced descriptions of the other products people evaluate when they are looking for Indian company or credit data, and where TatvaRatings sits relative to each. Each page describes the other product from its own public material, with links.
About the data behind these pages
Where a resource page quotes a figure from our own corpus, the specification for that figure lives on three pages, and it is worth reading them before quoting any number from here in your own work.
- Coverage — which agencies, how far back, measured counts with an as-at date
- Methodology — how a published press release becomes a structured record
- Data limits — what the dataset is bounded by, stated as a specification
- Sources — each agency’s public archive, and the rights position
Related
- Talk to us — if a question you need answered is not covered here