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
Bestview Infracon Limited
Real Estate activites
Bank Facilities
300.00
10 Jul 2024
Listed
CARE BB; Stable
Satellite Developers Private Limited
Real Estate activites
Bank Facilities
1229.50
09 Jul 2024
Unlisted
CARE BB; Stable
Vasan Health Care Private Limited
Human health and social work activities
Bank Facilities
3000.00
06 Jul 2024
Unlisted
CARE BBB-; Stable / CARE A3
MVR Technology
Water supply; sewerage, waste management etc.
Bank Facilities
350.00
04 Jul 2024
Unlisted
CARE BB-; Stable / CARE A4
Yes
27 Aug 2024
CARE BB; Stable / CARE A4
Yes
Yes
Alps Mining Services Private Limited
Wholesale and retail trade
Bank Facilities
150.00
03 Jul 2024
Unlisted
CARE BB+; Stable / CARE A4+
Techno Electric and Engineering Company Limited
Construction
Commercial Paper (Carved out)
200.00
03 Jul 2024
Listed
CARE A1+
Cella Warehousing Private Limited
Real Estate activites
Bank Facilities
926.40
02 Jul 2024
Unlisted
CARE A+; Stable
Yes
11 Jul 2024
CARE A+; Stable
No
NA
Vessel Warehousing Private Limited
Real Estate activites
Bank Facilities
1972.10
02 Jul 2024
Unlisted
CARE A+; Stable
Yes
11 Jul 2024
CARE A+; Stable
No
NA
Eduquity Career Technologies Private Limited
Education
Bank Facilities
750.00
29 Jun 2024
Unlisted
CARE BB+; Stable
Manas Lumba
Real Estate activites
Bank Facilities
750.00
29 Jun 2024
Unlisted
CARE BB; Stable
Shirdi Steel Traders
Wholesale and retail trade
Bank Facilities
1500.00
29 Jun 2024
Unlisted
CARE BB-; Stable / CARE A4
Yes
06 Nov 2024
CARE BB-; Stable / CARE A4
No
NA
SM JDB Estate Private Limited
Hospitality
Bank Facilities
390.00
29 Jun 2024
Unlisted
CARE BB; Stable
Yes
02 Dec 2024
CARE BB+; Stable
No
NA
SM Kannappa Automobiles Private Limited
Other manufacturing
Bank Facilities
395.00
29 Jun 2024
Unlisted
CARE BB+; Positive / CARE A4+
Suganya Constructions
Construction
Bank Facilities
483.30
29 Jun 2024
Unlisted
CARE BB+; Stable / CARE A4+
Yes
01 Jul 2024
CARE BB+; Stable / CARE A4+
No
NA
Supershine Laundry Systems Private Limited
Electronics - Industrial
Bank Facilities
260.00
29 Jun 2024
Unlisted
CARE BB-; Stable / CARE A4
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