What are the various credit ratings for fixed deposits?

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What are the various credit ratings for fixed deposits?
There are various credit ratings provided by CRISIL, ICRA and Care, depending on the fundamentals of a company. Before investing in deposits, bonds or NCDs, it's always best to check the credit ratings, accorded by the above institutions. This will ensure that you do not lose your interest and principal amount in unsafe companies. Take a look at the CRISIL rating for some long term instruments.

CRISIL AAA (Highest Safety)

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

CRISIL AA (High Safety)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

CRISIL A (Adequate Safety)

Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

CRISIL BBB (Moderate Safety)

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

CRISIL BB (Moderate Risk)

Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

CRISIL B (High Risk)

Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations.

CRISIL C (Very High Risk)

Instruments with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.

CRISIL D (Default)

Instruments with this rating are in default or are expected to be in default soon.

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