Confidential AAA-to-D preparatory credit ratings built on the same financial methodology used by CRISIL, ICRA, India Ratings, and CARE. Get an institutional-grade assessment before you approach any SEBI-registered agency.
Three steps from financial data to a confidential preparatory rating — all within 24 hours
Enter your company's key financial metrics — revenue growth, debt ratios, profitability, and market position. Takes under 10 minutes with our guided form.
Our proprietary 7-factor model analyses your data against calibrated industry benchmarks, applying the same financial ratio frameworks used by SEBI-registered agencies.
Get a confidential AAA-to-D rating with detailed strengths, weaknesses, outlook, and an action plan to improve before the official rating process begins.
Proprietary AI-driven credit outlook across 24 industry sectors, updated with every rating processed
Distribution of preparatory ratings generated by our AI engine across all sectors
Illustrative distribution across the AAA–D scale · Model calibration sample, not live client data
Latest sector analysis, rating trends, and credit market intelligence — updated daily
Debt/equity at 1.2x and ICR of 4.8x place this developer comfortably in the AA category. Strong order book visibility supports the rating. Revenue CAGR of 18% over 3 years reflects robust execution capability.
Read more →Median operating margin improved 180bps YoY to 12.4%. EV component manufacturers showing particularly strong credit metrics. Three companies upgraded in the last quarter.
Read more →Gross NPA at 2.1% vs sector average of 3.8%. Capital adequacy of 21.4% provides significant cushion. Diversified funding mix reduces reliance on bank borrowings.
Read more →Export revenue from 18 countries reduces geographic concentration risk. Debt/EBITDA improved from 3.2x to 2.1x in two years. Strong R&D pipeline supports moat.
Read more →Current ratio improved from 1.1x to 1.8x in 18 months. Pan-India distribution network with 2,400+ dealers provides significant market reach. Operating margin of 15.2% above industry median.
Read more →25-year PPAs with state discoms provide revenue visibility. Debt service coverage ratio of 1.65x exceeds lender requirements. Diversified across solar (280MW) and wind (120MW).
Read more →Analysis of 14 NBFC preparatory ratings shows 60% would see a one-notch downgrade under the new norms. Capital adequacy remains the key differentiator. Gold loan NBFCs least affected.
Read more →Generic drug exports grew 14% YoY. ANDA approval velocity at USFDA has improved, reducing regulatory overhang for mid-cap pharma companies. 7 of 10 rated companies show stable or positive outlook.
Read more →Q1 FY27 NHAI awards up 32% YoY. Median receivable days improved from 145 to 118. Hybrid annuity model reducing leverage pressure on developers.
Read more →Median attrition down to 14% from 23% peak. Large deals pipeline robust. Mid-tier IT firms leveraging GenAI consulting for higher billing rates.
Read more →FPI inflows of $4.2bn in July, combined with above-normal monsoon progress, have created favourable conditions for corporate bond issuance. Spreads tightened 15-20bps across AA and A categories.
Read more →Upgrade-to-downgrade ratio at 1.4:1, improving from 0.9:1 in H1 2025. BBB category shows highest migration volatility. Default rate remains below 1.2% for investment-grade.
Read more →Corporate bond issuances touched Rs 2.1 lakh crore in Q1, up 18% YoY. NBFCs and FIs accounted for 62% of volume. Green bond issuance crossed Rs 25,000 crore for the first time.
Read more →Healthcare, IT, and Logistics show strongest positive momentum. Real Estate and Metals face headwinds from global demand slowdown. Comprehensive 48-page sector-by-sector analysis.
Read more →PreRatings uses the standard AAA-to-D long-term scale consistent with SEBI-registered credit rating agencies
Our proprietary model scores companies across seven dimensions, applying sector-specific weights calibrated against historical rating data from CRISIL, ICRA, India Ratings, and CARE. Each factor is scored 0-100; the composite maps to the AAA-to-D scale using non-linear thresholds.
| Factor | Weight Range | Key Metric | AAA Threshold | Investment Grade |
|---|---|---|---|---|
| 1. Revenue Growth | 10-18% | 3-Year CAGR | >20% | >10% |
| 2. Debt / Equity | 18-25% | Total Debt / Shareholders' Equity | <0.5x | <2.0x |
| 3. Interest Coverage | 15-22% | EBIT / Interest Expense | >8.0x | >2.5x |
| 4. Current Ratio | 8-12% | Current Assets / Current Liabilities | >2.0x | >1.0x |
| 5. Net Profit Margin | 12-18% | PAT / Revenue (%) | >18% | >6% |
| 6. Market Position | 8-12% | Qualitative Score | Market Leader | Moderate+ |
| 7. Management Quality | 8-12% | Qualitative Score | Excellent | Adequate+ |
Each sector has unique thresholds. A 1.5x debt/equity ratio is strong for infrastructure (AA range) but elevated for IT services (BBB range). Our calibration dataset spans 24 sectors with 10+ years of rating migration data.
Our AI engine is back-tested quarterly against historical rating actions and migration data from SEBI-registered agencies, and calibrated to match their notch-level outcomes. Scoring thresholds are reviewed against observed rating transitions across our 24-sector benchmark set.
Preparatory ratings across all major asset classes, entity types, and instrument categories — mirroring the full scope of SEBI-registered agencies
Latest developments in credit markets, regulatory changes, and rating actions across Indian corporates
Primary market volumes surged as treasurers front-ran an expected October tightening, with AAA and AA issuers pricing through the secondary curve.
Analysts are watching bank credit-deposit gaps and wholesale funding costs, which could pressure margins at mid-sized non-bank lenders.
The benchmark yield climbed to levels last seen earlier in the cycle, dragging corporate spreads wider and complicating the borrowing calculus for AA and A-rated issuers.
From Reliance to L&T, issuers raised record volumes amid a ₹9.97 lakh crore liquidity surplus and rising yield expectations — front-running an expected rate-hike cycle.
Under the February circular, agencies must now separate grievance redressal, disclosures and marketing for instruments regulated by other authorities — with full compliance required within the year.
MPC keeps the policy rate unchanged for a second straight meeting, citing sticky food inflation, even as crude above $100 and surplus liquidity complicate the outlook. Next MPC on 5–7 October.
Markets regulator floats a consultation paper to grade debt instruments on a colour scale from deep green to red, making credit risk instantly legible for retail investors. Framework to complement existing rating symbols.
Two years of mandatory BRSR filings give rating agencies and analytical platforms a standardised, machine-readable ESG dataset — and environmental risk is now a rating variable, not a footnote.
The number of small enterprises with a formal rating or score continues to climb, driven by lender requirements and the government's formalisation push — and simplified scorecards are lowering the cost of entry.
Key Indian credit and rates indicators — compiled from RBI releases and public market data
Unchanged with a neutral stance; markets are pricing a possible hike at the October review.
Benchmark yield above 7% as crude sustains above $100/barrel and inflation broadens.
Headline inflation with food at 5.52%; the RBI has flagged persistence risk.
RBI's real GDP growth projection for 2026–27.
Daily-average surplus in September, absorbed via VRRR and the Standing Deposit Facility.
Indicative coupon on AAA paper, up from roughly 7.00% six months earlier.
Short-term money-market benchmark tracking the RBI's liquidity stance and near-term rate expectations.
Indicative top-rated 10-year corporate yield, roughly 35 bps over the benchmark G-sec.
Indicative figures compiled from RBI releases and public market data. For information only — not investment advice.
An institutional-grade platform that gives you the same analytical rigour as the agencies — with complete confidentiality
Your pre-rating is never published or disclosed. If the result isn't what you hoped, no one knows but you. Unlike SEBI-registered ratings, there is zero regulatory obligation to disclose.
If a SEBI agency gives you a rating you believe is unfair, we provide data-backed analysis referencing specific methodology criteria to support your formal appeal with the agency's rating committee.
Our engine models the financial ratios, industry benchmarks, and risk factors used by CRISIL, ICRA, India Ratings, and CARE in their rating committee deliberations.
No four-week wait for a rating committee. Submit your data and receive your preparatory rating within 24 hours — often same-day for straightforward corporate profiles.
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