Credit Ratings

External evaluations of company performance are vital to building confidence and trust; credit ratings are especially important indicators of financial health. MSSL is pleased to share its credit ratings from major credit ratings agencies.

MSSL is rated by Moody’s Investors Service and two major domestic rating agencies (ICRA & CRISIL).

International Rating

Moody's*

Long term Rating
Ba1 corporate family rating (CFR)

Domestic Rating

ICRA

Commercial Papers
A1+
Short term Rating
AA+ @; Rating placed on watch with negative implications; A1+
Long term Rating
AA+ @; Rating placed on watch with negative implications
Non-convertible Debentures
-

CRISIL

Commercial Papers
A1+
Short term Rating
A1+
Long term Rating
CRISIL AA+/Negative (Outlook revised from 'Stable' and rating reaffirmed)
Non-convertible Debentures
-

India Ratings and Research

Commercial Papers
IND A1+
Short term Rating
IND AAA / RWN / IND A1+
Long term Rating
IND AAA / RWN
Non-convertible Debentures
IND AAA/RWN
@ Rating on watch with negative implications. | RWN: Rating Watch Negative