A BB rating means the rating agency sees a moderate risk of default regarding timely payment of interest and principal; it is below investment grade. 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 BB means the rating agency sees a moderate risk of default regarding timely payment of interest and principal; it is below investment grade. The agency's name comes first, so "CRISIL BB" and "CARE BB" are the same grade from different agencies.
BB is the first speculative grade. Bonds rated BB often pay high coupons because the risk is real: the issuer's ability to pay depends on things going reasonably well.
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 BB
28 issuers on Bond Interpretation have a current BB-grade rating (including BB+ and BB-) on their outstanding bonds:
- Aloud Realty Private Limited Acuite BB- (Stable)
- Assetz Industrial Parks Private Limited CARE BB+ (Stable)
- Avigna Housing Private Limited Acuite BB (Stable)
- Bhanu Infrabuild Private Limited CARE BB+ (Stable)
- Casablanca Industries Private Limited ICRA BB (Stable)
- Century Silicon City Private Limited CARE BB (Stable)
- Earnest Constructions Private Limited Acuite BB- (Stable)
- Ecobox Industrials Asset II Private Limited Acuite BB+ (Stable)
- Ecobox Industrials Asset III Private Limited Acuite BB+ (Stable)
- Finquest Financial Solutions Private Limited Brickwork BB- (Stable)
- Finstars Capital Limited Infomerics BB (Negative)
- GMR Enterprises Private Limited Infomerics BB- (Negative)
- Hedge Finance Ltd Infomerics BB+ (Stable)
- IFCI Limited CARE BB (No Outlook)
- Immencity Office Parks Private Limited CARE BB- (Stable)
- Mac Charles Hub Projects Private Limited India Ratings BB+ (Stable)
- Magnum Ventures Limited Acuite BB (Stable)
- Neepa Real Estates Private Ltd Infomerics BB (No Outlook)
- Prolific Resolution Private Limited CARE BB (Stable)
- Reilly Homes Realty Private Limited Infomerics BB- (Stable)
- Samunnati Finance Private Limited India Ratings BB+ (Negative)
- Shreshta Infra Projects Private Limited Acuite BB (Stable)
- Shri Vasuprada Plantations Limited India Ratings BB (Stable)
- Siskin Projects Private Limited Infomerics BB (Stable)
- Tara Capital Partners India Private Limited Acuite BB- (Stable)
- Urjah Metallics Private Limited Infomerics BB+ (No Outlook)
- Valencia and Mishal Ventures Private Limited Acuite BB- (Stable)
- Vimal Plast (India) Private Limited Infomerics BB- (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.
