Structured Finance Ratings
Rating Scale
Rating Scale

Rating Process


Long term structured finance instruments: The instruments with original maturity exceeding one year


Ratings Definition
ACUITE AAA (SO) 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.
ACUITE AA (SO) 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.
ACUITE A (SO) Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
ACUITE BBB (SO) Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.
ACUITE BB (SO) Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
ACUITE B (SO) Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
ACUITE C (SO) Instruments with this rating are considered to have very high likelihood of default regarding timely payment of financial obligations.
ACUITE D (SO) Instruments with this rating are in default or are expected to be in default soon.

Acuité may apply '+' (plus) or '-' (minus) signs for ratings from 'ACUITE AA SO' to 'ACUITE C SO' to reflect comparative standing within the category.

Short term structured finance instruments: The Instruments with original maturity of upto one year

Ratings Definition
ACUITE A1 (SO) Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligation. Such instruments carry lowest credit risk.
ACUITE A2 (SO) Instruments with this rating are considered to have strong degree of safety regarding timely payment of financial obligation. Such instruments carry low credit risk.
ACUITE A3 (SO) Instruments with this rating are considered to have moderate degree of safety regarding timely payment of financial obligation. Such instruments carry higher credit risk as compared to instruments rated in the two higher categories.
ACUITE A4 (SO) Instruments with this rating are considered to have minimal degree of safety regarding timely payment of financial obligation. Such instruments carry very high credit risk and are susceptible to default.
ACUITE D (SO) Instruments with this rating are in default or expected to be in default on maturity.

Acuité may apply '+' (plus) sign for ratings from 'ACUITE A1 (SO)' to 'ACUITE A4 (SO)' to reflect comparative standing within the category.