Unaccepted Ratings

List of Unaccepted Ratings (As on 11-May-2025)

Name of issuer
Sector
Name/type of instrument
Size (Rs. Million )
Date of Non- acceptance
Listing Status
Rating and outlook
Provisional Step And Document
Whether The Rating Was Accepted By The Issuer,Subse Quent To The Non Accepted Ratings Disclosure? (Yes/No)
Date Of Subsequent Acceptance Of Final Rating Assigned
Final Rating Accepted By Issuer
Whether The Issuer Requested For A Review/Appeal Subsequent To Disclosure Of Unaccepted Rating?
Whether Review/Appeal Of The Disclosed UnAccepted Rating Was Granted By CRA
Bansal Pathways (Betul-Chicholi) Private Limited
Construction
Bank Facilities
3656.10
16 Jan 2025
Unlisted
CARE BBB+; Stable
Yes
22 Jan 2025
CARE BBB+; Stable
No
NA
Maihar Cement Pipe Industries
Construction
Bank Facilities
612.00
16 Jan 2025
Unlisted
CARE B+; Positive / CARE A4
Sterlite Grid 32 Limited
Electricity - Transmission and distribution
Bank Facilities
20000.00
16 Jan 2025
Unlisted
CARE A+; Stable / CARE A1+
Yes
24 Feb 2025
CARE A+; Stable / CARE A1+
No
NA
Manipal Cigna Health Insurance Company Limited
Health Insurance Companies
Subordinate Debt
1250.00
15 Jan 2025
Unlisted
CARE D
Yes
16 Jan 2025
CARE D
No
NA
PRACHAY CAPITAL LIMITED
Micro Finance Institutions (MFI)
Non Convertible Debentures
2500.00
15 Jan 2025
Unlisted
CARE BBB-; Stable
Ram Kripal Singh Construction Private Limited
Construction
Bank Facilities
1000.00
15 Jan 2025
Unlisted
CARE BBB+; Stable / CARE A2
Suraj Informatics Private Limited
Information Technology & ITes (IT Enabled Service
Bank Facilities
350.00
15 Jan 2025
Unlisted
CARE D / CARE D
Alpa Infrastructure Private Limited
Construction
Bank Facilities
730.00
12 Jan 2025
Unlisted
CARE BBB-; Stable / CARE A3
Yes
18 Feb 2025
CARE BBB-; Stable / CARE A3
Yes
Yes
KAI FINCAP LIMITED
Financial Institution
Bank Facilities
250.00
12 Jan 2025
Unlisted
CARE B; Stable
Manoj Vaibhav Gems N Jewellers Limited
Wholesale and retail trade
Bank Facilities
1000.00
12 Jan 2025
Unlisted
CARE BBB+; Stable / CARE A2
Velmurugan Heavy Engineering Industries Private Limited
Other Machinery
Bank Facilities
760.00
12 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
Yes
15 Jan 2025
CARE BB+; Stable / CARE A4+
No
NA
Certification Engineers International Limited
Other manufacturing
Bank Facilities
180.00
11 Jan 2025
Unlisted
CARE AA; Stable / CARE A1+
Kamat Hotels India Limited
Hospitality
Bank Facilities
2000.00
11 Jan 2025
Listed
CARE BBB-; Stable
Hi-Tech Radiators Private Limited
Other manufacturing
Bank Facilities
1300.00
10 Jan 2025
Unlisted
CARE BBB+; Stable / CARE A3+
Yes
06 Feb 2025
CARE BBB+; Stable / CARE A3+
Yes
Yes
Rakshak Securitas Private Limited
Administrative and support service activities
Bank Facilities
840.00
09 Jan 2025
Unlisted
CARE BBB-; Stable / CARE A3
Yes
15 Jan 2025
CARE BBB-; Stable / CARE A3
No
NA
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