Disclosures as per RBI's communication DBOD.BP.No./5378/21.06.007/2012-13

Fee Structure For Bank Loan Ratings


Acuité Ratings charges fee from clients who seek ratings for their various borrowings.

This disclosure is made pursuant to Reserve Bank of India's communication (dated April 26, 2013, reference no. DBOD.BP.No./5385/21.06.007/2012-13), advising accredited credit rating agencies (CRAs) to disclose the nature of their compensation arrangements and fee structure for bank loan / facility ratings on their websites.

The standard fee structure comprises an initial rating fee (IRF) at the time of the initial rating exercise and an annual surveillance fee (ASF) subsequently for such time as the rating remains outstanding. Fee structures are documented in fee schedules which are communicated and finalized before initiating the rating assignment(s).

The standard fee structure for bank loan facilities is as follows:

a. IRF - 0.04% of the rated amount subject to a minimum of Rs. 40,000/-.
b. ASF - 0.025% of the rated amount per annum subject to a minimum of Rs.35,000/-.

The fees are payable in advance i.e. before the commencement of the rating exercise. All fees are exclusive of GST and other applicable taxes.Any out of pocket expenses incurred by Acuité for management meetings or plant visits are separately reimbursable by the clients.

While the above fee structure represents the indicative fee payable by the clients, the actual fee amounts are determined (subject to appropriate internal approvals) by several factors inter-alia number of group entities, the complexity of the assignment etc.


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Our exciting journey started in 2005 with rating of bank borrowers most of whom were small and medium enterprises. At that time, credit rating was a concept known only to large issuers of capital market instruments. Since then, like a caterpillar transforms itself into a beautiful butterfly, we transformed to rate bonds, bank facilities of large corporates and issuers across industries. Along came many achievements - SEBI Registration in 2011, RBI accreditation in 2012, 50,000 ratings in 2018, 5,000 Bond and Bank Loan Ratings in 2017, launch of India's first Android and iPhone app to disseminate rating, tamper-proof QR-code-enabled rating rationales, and SMERA Terminal to name a few.

Now is the time to re-emphasize our increasing footprint across all segments of ratings through the launch of our new name - 'Acuité'.

The name has changed. The spirit of upholding highest standards of analytical rigour, continuous improvement, excellence in our processes and quest for innovation remains the same. We would like to re-emphasize that we will continue to work hard to provide independent, unbiased and timely opinion of highest standard.

Acuité means 'sharpness and clarity of thought and vision'. Let our research and ratings help you take decisions with confidence.

Sankar Chakraborti