CRISIL Ratings and What You Should Know About It
CRISIL, as one of the oldest credit rating agencies in India, has a very crucial role to play for the Indian investors. CRISIL evaluates the varied investment instrument available in India and assigns them a rating based on their credibility and stability. Now, the function of CRISIL and the scores assigned by it might not look important to you, but it would, as soon as you start looking out for the right investment tools to invest in.
For instance, let’s assume you plan to invest in an FD. The first thing you’ll do is explore your options on the internet. Then what? Compare the schemes based on what? Interest rate? Principle flexibility? Tenor flexibility? These factors play a significant role, but as an investor, your first priority should always be the credibility of the FD scheme, especially if you plan to invest with commercial banks and NBFCs. Accordingly, Bajaj Finance’s Fixed Deposit is rated high on safety and stability with ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating. The icing on the cake is, the said scheme also offers the highest interest rate in the market.
How CRISIL ratings affect Fixed Deposits?
CRISIL rating, apart from being a measure of an FD's credibility and stability, can also be used to gauge the risk potential. While a scheme can offer a high-interest rate, but it is not the right place to park your money as long as it doesn’t have a CRISIL’s FA, FAA, or FAAA rating. Hence, check the ratings of investment vehicles before subscribing.
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