A B rating means the rating agency sees a high risk of default regarding timely payment of interest and principal. 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 B means the rating agency sees a high risk of default regarding timely payment of interest and principal. The agency's name comes first, so "CRISIL B" and "CARE B" are the same grade from different agencies.
A B rating means the agency sees a real chance that the issuer will not pay on time. Such bonds rarely trade, and buyers should read the agency's rationale and the latest financial results with care.
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 B
23 issuers on Bond Interpretation have a current B-grade rating (including B+ and B-) on their outstanding bonds:
- Aadhyan Residences Private Limited Acuite B (Stable)
- Ammadoes Trading and Consultants Private Limited Brickwork B- (Stable)
- Ballarpur Industries Ltd Acuite B (Stable)
- Century Joint Developments Private Limited Acuite B+ (Stable)
- Conmin Projects India Pvt Ltd CARE B (Stable)
- CSA Investments Private Limited CARE B- (Stable)
- Drone Acharya Services Private Limited CRISIL B (Stable)
- Entry India Projects Private Limited Brickwork B- (Negative)
- Everest Nisarg Greenland Developers Pvt Ltd Acuite B+ (Stable)
- Hopkins Healthcare Private Limited CARE B (No Outlook)
- Iinspira Springdale Private Limited Acuite B (Stable)
- Kohinoor Technologies Private Limited Acuite B- (Stable)
- Marathon Nextgen Realty Ltd CARE B+
- NNP Construction Private Limited Infomerics B (Stable)
- Pradhaan City K R Puram Private Limited Acuite B+ (Stable)
- Prateek Realtors India Private Limited Acuite B+ (Stable)
- Reel & Time Heights Private Limited India Ratings B- (Stable)
- Saya Hi- Tech Private Limited CARE B- (Stable)
- Shivakar Developers Private Limited Acuite B- (Stable)
- Steelco Gujarat Ltd Brickwork B+ (Negative)
- Total Environment Resorts Private Limited CRISIL B (Stable)
- Twenty Five South Realty Limited Brickwork B- (Stable)
- Weisshorn Realty Private Limited ICRA B (Stable)
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.
