An A rating means the rating agency sees an adequate degree of safety regarding timely payment of interest and principal, and low credit risk. It is the agency's opinion on the chance of default, not a guarantee.
Indian rating agencies registered with SEBI (CRISIL, ICRA, CARE Ratings, India Ratings, Acuité, Infomerics and others) use the same long-term scale, from AAA down to D. A rating of A means the rating agency sees an adequate degree of safety regarding timely payment of interest and principal, and low credit risk. The agency's name comes first, so "CRISIL A" and "CARE A" are the same grade from different agencies.
Single-A issuers are often mid-sized NBFCs, microfinance lenders and companies with a shorter track record. Coupons are noticeably higher than AA, reflecting more sensitivity to a downturn.
A "+" or "-" after the grade ranks a bond within the grade: AA+ is above AA, and AA- is below it. The rating comes with an outlook (Stable, Positive, Negative or Developing) that shows which way the agency expects it may move. Ratings change: check the agency's latest press release before investing, not the rating printed in an old offer document.
Bond issuers rated A
135 issuers on Bond Interpretation have a current A-grade rating (including A+ and A-) on their outstanding bonds:
- Achintya Securities Limited Acuite A- (Stable)
- Aethon Developers Private Limited CARE A- (CE) (Stable)
- Akme Fintrade (India) Limited Acuite A- (Stable)
- Alpha Alternatives Financial Services Private Limited Acuite A (Stable)
- Alphagrep Securities Private Limited CRISIL A+ (Stable)
- Andhra Pradesh Capital Region Development Authority CRISIL A- (CE) (Stable)
- Annapurna Finance Private Limited ICRA A- (Stable)
- Arman Financial Services Limited Acuite A- (Positive)
- Arohan Financial Services Ltd ICRA A (No Outlook)
- Ascend Telecom Infrastructure Private Limited CARE A+ (Stable)
- Ashiana Housing Limited CARE A+ (Stable)
- Auxilo Finserve Private Limited CARE A+ (Stable)
- Aye Finance Limited India Ratings A+ (Stable)
- B.N. Agritech Limited Acuite A (Stable)
- Bamboo Hotel and Global Centre (Delhi) Private Limited ICRA A+ (CE) (Stable)
- Best Finance Corporation Limited Acuite A- (Stable)
- Capital India Finance Limited Infomerics A (Negative)
- Casa Grande Grace Private Limited CRISIL A- (Stable)
- Casagrand Beacon Private Limited CRISIL A- (Stable)
- Chhattisgarh State Power Distribution Company Limited India Ratings A (CE) (Stable)
- Choice Finserv Private Limited Acuite A- (Stable)
- Clix Capital Services Private Limited CARE A+ (Stable)
- CSL Finance Limited Acuite A- (Stable)
- Dawn Retail Private Limited CARE A- (SO) (Stable)
- Demuric Holdings Private Limited India Ratings A+ (Stable)
- Dishman Carbogen Amcis Limited India Ratings A (Negative)
- EAAA India Alternatives Limited CRISIL A+ (Stable)
- Earlysalary Services Private Limited India Ratings A (Stable)
- ECap Equities Limited Brickwork A+ (No Outlook)
- ECL Finance Limited CRISIL A+ (Stable)
- Edel Finance Company Limited CRISIL A+ (Stable)
- Edelcap Securities Limited CRISIL A+ (Stable)
- Edelweiss Asset Reconstruction CO. Ltd CRISIL A+ (Stable)
- Edelweiss Financial Services Limited CRISIL A+ (Stable)
- Ekamaya Properties Private Limited CARE A- (Stable)
- Electronica Finance Limited India Ratings A (Stable)
- Emami Frank Ross Limited India Ratings A- (Stable)
- Emerald Haven Life Spaces 2 Private Limited CRISIL A- (Stable)
- Emerald Haven Life Spaces 3 Private Limited CRISIL A- (Stable)
- Emerald Haven Properties Private Limited CRISIL A- (Stable)
and 95 more.
Data as of 5 Nov 2026 (snapshot 20261105-2032). Methodology and sources
Related
Related terms: Credit rating · Investment grade · Rating outlook · Credit enhancement (CE) · Rating downgrade
Before investing, look up the issuer: all its outstanding bonds, rating history and disclosure documents.
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
