Credit Rating Advisory
The full service across all 7 SEBI CRAs — every instrument and sector.
Explore credit rating advisory → Walk into your ICRA rating prepared — not hoping.
ICRA Rating Advisory
We prepare and manage your ICRA rating end to end — agency liaison, the rating pack, and a rehearsed management meeting — so the rating reflects your fundamentals. CA / ex-banker–led, and agency-agnostic: if ICRA isn’t the best fit, we’ll tell you. ₹4,250 Cr+ mobilised across 100+ mandates since 2011.
CA / ex-banker ledAll 7 SEBI CRAsRating + debt, one desk
A track record since 2011, in numbers
₹4,250 Cr+
Capital mobilised across sectors₹550 Cr
Largest single facility structured100+
Deals advised end to end7
SEBI CRAs we advise acrossSince 2011
CA / ex-banker, senior on every fileICRA (since 1991, a Moody’s affiliate) is well regarded across infrastructure, the financial sector and structured finance, alongside corporate debt. We prepare you for ICRA — and tell you honestly whether it’s your best fit versus the other six SEBI agencies.
Is ICRA right for you?
When an ICRA rating is the strong choice
ICRA is often the strong fit for infrastructure and project finance, NBFCs and financial-sector issuers, and structured-finance instruments, where its methodology and analyst depth are well recognised by lenders and institutional investors.
For a different profile — a smaller bank facility, a manufacturing mid-corporate, or an SME rating — CRISIL, CARE, Acuité or another agency may serve you better. Choosing the wrong agency can cost you a notch, and a notch is basis points on every rupee. Compare the field in CRISIL vs ICRA vs CARE vs Acuité and which agency to choose.
What we own, end to end
Your ICRA rating, prepared and managed
From the first scoping call to the rating letter — and through surveillance — we run the process so the rating reflects your fundamentals.
01
Fit & instrument scoping
Confirm ICRA is the right agency for your sector and instrument — or recommend a better-fit CRA before you commit.
02
Rating-pack preparation
Financials restated the way ICRA's analysts read an infrastructure, NBFC or structured-finance credit — cash-flow resilience and asset-quality focus, peer benchmarking, and projections that withstand scrutiny.
03
Management-meeting readiness
We rehearse the promoter and CFO for ICRA's management discussion, pre-empting the infrastructure and financial-sector questions its analysts probe — the highest-leverage hour in the process.
04
Process, queries & appeal
We coordinate data and timelines with ICRA through to the rating letter — and support an appeal where the rating undershoots fundamentals.
05
Surveillance & INC protection
We manage your No-Default Statement calendar and surveillance so you never drift into an “Issuer Not Cooperating” tag or a surprise downgrade.
06
Upgrade & debt linkage
A 12–24 month uplift plan, and we use the rating to raise money via corporate finance & debt syndication.
Consultation
Find out what ICRA rating your fundamentals support
One conversation tells you whether ICRA is the right agency, the realistic rating, and what it would do to your borrowing cost. No pitch — a straight read from senior people who own numbers for a living.
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FAQ
ICRA rating advisory, answered
ICRA Limited (since 1991, a Moody’s affiliate) is one of India’s leading credit rating agencies. It is widely respected across infrastructure, the financial sector (NBFCs, banks) and structured finance, alongside general corporate debt — which is why issuers in those sectors often consider ICRA.
It depends on your sector, instrument, target lenders/investors, turnaround and fee. ICRA is a strong fit for infrastructure, financial-sector and structured-finance issuers, but CRISIL, CARE, Acuité or another CRA may suit a different profile better. We advise across all seven SEBI agencies and recommend the best fit before you commit.
Typically about 4–8 weeks from mandate to rating letter, depending on document readiness and instrument complexity. Fees are a percentage of the rated amount with a minimum fee plus annual surveillance — commonly ₹2–10 lakh for mid-market instruments. See our guide to credit rating cost in India.
Yes. We run a 12–24 month uplift programme — deleveraging, coverage and liquidity, governance and disclosure — and manage the surveillance relationship so the rating reflects your improving fundamentals at the next review.
A senior CA or ex-banker leads every mandate — you deal with the named partner directly, not a rotating bench of junior staff.
Further reading
Credit rating, explained in our Resources
How agencies compare, how ratings are decided, and how to improve yours. For the full service, see credit rating advisory.