Reports

Ratings and Grading Report

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Credit Ratings
Rating agency
Instrument
Amount
Rating
CRISIL
Long term Bank loan Ratings
Non-Convertable Debenture
Debt-Subordinate Debt

Market Linked Debenture

₹ 7,500 Cr
₹ 500 Cr
₹ 150 Cr

₹ 300 Cr

CRISIL AA/Stable
('Reaffirmed')



CRISIL PPMLD AA/Stable (Reaffirmed)
CARE
Non-Convertable Debenture
Debt-Subordinate Debt
₹ 24 Cr
₹ 85 Cr
CARE AA-; Stable
  • Rating
    agency
  • CRISIL
  • CARE
  • ICRA
  • Instrument Amount Rating
  • Long term Bank loan Ratings
    Non-Convertable Debenture     ₹ 2,000 Cr
    ₹ 500 Cr     CRSIL A+/Positive
    (Reaffirmed )
  • Non-Convertable Debenture
    Debt-Subordinate Debt     ₹ 600 Cr
    ₹ 100 Cr     CARE A+; Stable (Single A Plus;
    Outlook: Stable)
  • Debt-Subordinate Debt ₹ 32 Cr ICRA A Stable;
    Outlook: Reaffirmed
Credit Grading
Rating agency
Instrument
Rating
CART
MFI Grading
MFI 1
CART
Code of Conduct Assessment of Micro Financing Institution (COCA)
C1
  • Rating
    agency
  • CARE
  • CART
  • Instrument Rating
  • MFI Grading Non-Convertable Debenture
  • Code of Conduct Assessment of
    Micro Financing Institution (COCA)     M1C1
Social Rating
Rating agency
Instrument
Rating
MFR
Social Rating
A-
MFR
Client Protection Certification
Certified Gold
  • Rating
    agency
  • MFR
  • MFR
  • Instrument Rating
  • Social Rating A-
  • Client Protection CertificationCertified Gold
CARE

Credit Analysis and Research Limited

ICRA

ICRA Limited (Formerly Investment Information and Credit Rating Agency of India Limited)- An Associate of Moody's Investors Service

CRISIL

CRISIL stands for Credit Rating Information Services of India Limited.

Notices

Being a transparent institution, Belstar Microfinance Ltd. aims to ensure high standards of governance and management.

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BSE Compliance

Belstar Microfinance Ltd. is committed to following regulatory guidelines, upholding its core value of transparency and professionalism.

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  info@belstar.in
  +91-44-43414567