A BBB rating means the rating agency sees a moderate degree of safety regarding timely payment of interest and principal, and moderate 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 BBB means the rating agency sees a moderate degree of safety regarding timely payment of interest and principal, and moderate credit risk. The agency's name comes first, so "CRISIL BBB" and "CARE BBB" are the same grade from different agencies.
BBB- is the lowest investment grade. A downgrade from BBB- to BB+ moves a bond below investment grade, which many institutional investors are not allowed to hold, so it can make the bond much harder to sell.
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 BBB
112 issuers on Bond Interpretation have a current BBB-grade rating (including BBB+ and BBB-) on their outstanding bonds:
- Achiievers Finance India Limited Infomerics BBB- (Stable)
- Akara Capital Advisors Private Limited Acuite BBB+ (Stable)
- Alder Residency Private Limited India Ratings BBB- (Stable)
- Ambium Finserve Limited CARE BBB- (Stable)
- Ananya Finance For Inclusive Growth Private Limited Acuite BBB- (Stable)
- Ans Private Limited Infomerics BBB (Stable)
- Arugn Technologies Private Limited ICRA BBB+ (Stable)
- Atmosphere Realty Private Limited CRISIL BBB (Stable)
- Avaada Ventures Private Limited India Ratings BBB+ (Stable)
- Avanti Finance Private Limited CRISIL BBB (Stable)
- Avp Infracon Limited Acuite BBB+ (Stable)
- B B Banthia Finance Private Limited Acuite BBB- (Stable)
- Berar Finance Limited India Ratings BBB+ (Stable)
- Best Capital Services Limited Infomerics BBB (Stable)
- Branch International Financial Services Private Limited Acuite BBB (Stable)
- Chain-N-Chains Jewels Limited India Ratings BBB (Stable)
- Credit Wise Capital Private Limited CRISIL BBB (No Outlook)
- Crest Ventures Limited CARE BBB (Stable)
- Cyqure India Private Limited CARE BBB- (Stable)
- Dar Credit & Capital Limited CARE BBB- (Stable)
- Dev Accelerator Limited Acuite BBB (Stable)
- Dvara Kshetriya Gramin Financial Services Private Limited CRISIL BBB+ (Stable)
- Ecobox Industrials Asset I Private Limited Acuite BBB- (Stable)
- Ecozen Solutions Private Limited India Ratings BBB+ (Stable)
- Embassy Property Developments Private Limited Acuite BBB (Stable)
- Embassy-Ksl Realty Ventures Private Limited Acuite BBB- (Stable)
- Emkay Global Financial Services Limited ICRA BBB+ (Stable)
- Enterprise Data Parks Private Limited ICRA BBB (Stable)
- Fdpl Finance Private Limited India Ratings BBB (Stable)
- Fincfriends Private Limited Acuite BBB- (Stable)
- Finkurve Financial Services Limited CARE BBB+ (Stable)
- Finnable Credit Private Limited CARE BBB+ (Stable)
- Grand Hills Developments Private Limited India Ratings BBB+ (Stable)
- Gsquare Ground Private Limited Acuite BBB (Stable)
- Himatsingka Seide Limited CRISIL BBB+ (Negative)
- Hindustan Construction Co. Ltd CARE BBB- (Stable)
- ICL Fincorp Limited Acuite BBB- (Stable)
- IFL Finance Limited CRISIL BBB (Stable)
- Indifi Capital Private Limited CRISIL BBB (Stable)
- Kaleidofin Capital Private Limited CARE BBB- (Stable)
and 72 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.
