CRISIL.
credit rating agency in India
- Reports this week
- 4
- Active events
- 5
- Connections
- 66
What's happening
Active this week
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CRISIL reaffirmed top-tier credit ratings for IDFC First Bank on October 17, 2026.Some support1 report
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CRISIL rated the long-term debt programme of Bajaj Housing Finance, a subsidiary of Bajaj Finance Ltd.Some support1 report
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CRISIL covers companies across India.Some support4 reports2 developments inside
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CRISIL director and Tanishq CEO commented on consumer behavior and festive demand in India.Some support1 report
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CRISIL rated Indian fire protection firms and compared KSB to its domestic peers.Some support1 report
Earlier this month
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CRISIL Chief Economist analyzes the Indian economy, focusing on the country's macroeconomic stability.Some support5 reports2 developments inside
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CRISIL indices track the performance of government debt.Some support1 report
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The West Asia crisis is impacting wholesale prices, affecting India's inflation forecast.Well supported15 reports16 developments inside
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Reserve Bank responds to crisis-fueled inflation with a rate hike, while CRISIL upgrades PNB Housing Finance Ltd's rating.Some support1 report
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CRISIL upgraded the credit rating for PNB Housing Finance Limited, noting the company's strong parentage.Well supported3 reports
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CRISIL has assessed the credit rating and the Non-Convertible Debenture (NCD) program for CLEANMAX, which operates as India's largest renewable provider.Some support1 report
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CRISIL reaffirmed ratings for Lehar Footwears Limited following a loan limit enhancement.Some support1 report
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Conflict in West Asia is causing disruptions to global supply chains and trade cycles, leading to assessments of the economic impact.Well supported23 reports16 developments inside
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Geopolitical volatility in West Asia drives cost inflation.Some support3 reports
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CRISIL rated Non-Convertible Debentures (NCDs) for Edelweiss Financial Services, confirming compliance with SEBI regulations.Some support1 report
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Kotak Mahindra Bank and CRISIL analyzed market expectations regarding the Reserve Bank of India's monetary policy on September 1, 2026.Some support1 report
One to three months ago
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CRISIL reaffirmed strong credit ratings for GIC Housing Finance Limited on September 19, 2026.Some support1 report
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CRISIL upgraded the long-term credit rating for P N Gadgil Jewellers on September 17, 2026.Some support2 reports
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CRISIL was used as a debt allocation proxy in a study involving the BSE Sensex TRI.Some support1 report
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CRISIL provided data on inflows into the Indian market on September 1, 2026.Some support2 reports
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CRISIL upgraded the corporate credit rating for Eureka Forbes, a company operating in India's health and hygiene landscape.Some support1 report
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El Nino effect linked to higher temperatures and lower rainfall, with CRISIL releasing a report on India's power demand.Well supported5 reports1 development inside
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Hydro power generation in India has seen a notable drop, a development recently cited in a report by CRISIL.Some support1 report
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The Reserve Bank of India has tightened regulatory restrictions on trading firms, specifically targeting AlphaGrep Securities Pvt. in Mumbai, which relies on ratings from CRISIL.Some support2 reports
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CRISIL expects the asset quality of Small Finance Banks to improve.Some support1 report
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CRISIL provided economic forecasts in New Delhi on June 1st, while Bank of Baroda commented on production issues stemming from the conflict in West Asia.Some support2 reports
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CRISIL reaffirmed credit ratings for Nahar Spinning Mills Limited on August 27, 2026.Some support1 report
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Retail sales are constrained by supply shortages, while Crisil tracks sugar market data in India.Some support1 report
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A company was referenced regarding CRISIL reports during proceedings involving the Securities and Exchange Board of India.Some support2 reports1 development inside
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CRISIL released a report detailing a company's market position, which was cited in the news, involving a specific individual as a selling shareholder.Some support1 report
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Nirmala Sitharaman announced fiscal support for land reforms, alongside economic analysis on India's growth and policy bottlenecks.Some support1 report1 development inside
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A company based in New Delhi has ramped up its Salary Saathi vertical in Assam, adding Union Bank of India as a lender and securing an A+ (SO) rating from CRISIL.Some support1 report
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CRISIL released reports on the economic conditions of the region from New Delhi on May 27, 2026.Well supported4 reports2 developments inside
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Tensions in West Asia caused supply chain disruptions, leading to CRISIL analyzing 400 companies in India.Some support2 reports3 developments inside
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CRISIL rated an oil and gas producer operating in India.Some support1 report
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Technical buy targets and market analysis were provided for Pidilite Industries, involving Jay Mehta and CRISIL, on August 1, 2026.Some support1 report
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CRISIL rated the business and financial risk profile of Vedanta Limited, noting that over 80% of its production comes from assets in Rajasthan.Some support2 reports1 development inside
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CRISIL assigned an 'AA/Stable' rating to bank facilities of Vedanta and noted its majority stake in VISL operations.Some support1 report
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CRISIL analyzed India's industrial production growth, noting that El Nino and West Asia conflict risks are tempering economic output.Some support36 reports
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CRISIL analyzed Indian cement companies, noting that the West Asia conflict is driving up input costs.Some support1 report1 development inside
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CRISIL revised its outlook to Stable and CLSA provided market forecasts on company performance.Some support1 report
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CRISIL utilizes expert advice for strategic policy development regarding energy reserves, aligning targets with international standards.Some support1 report
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CRISIL issued ESG ratings for Adani Green Energy on July 22, 2026.Some support1 report
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A new center is positioned near Kempegowda International Airport, coinciding with CRISIL's estimates of sector capacity growth.Some support1 report
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CRISIL is currently assessing the corporate financial health of companies operating within India.Some support3 reports
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Amish Mehta serves as CEO of CRISIL, with the board of directors overseeing company operations.Some support1 report
Gone quiet
No new reports in 90+ days-
CRISIL upgraded the credit rating of Kirloskar Pneumatic Company Ltd to AA.Some support1 report
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Kotak Institutional Equities announced portfolio changes on July 14, adding SBI Life and CRISIL, and including TCS and DCB Bank, while also trimming DLF and removing positions in Dixon Technologies and Info Edge.Some support1 report
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CRISIL reported on the Indian auto sector growth, noting supply chain disruptions and cost hikes due to the West Asia conflict.Some support8 reports
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CRISIL reports on current food inflation trends.Some support25 reports
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CRISIL has released estimates regarding the growth trajectory of the dairy sector within India.Some support1 report
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CRISIL projects steady growth in home loans, driven by India's ongoing economic growth.Some support5 reports
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ICICI Prudential Balanced Hybrid Fund performance is being benchmarked against the index.Some support2 reports
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CRISIL and RITES announced an MoU on May 27, 2026, to collaborate on infrastructure projects in India and abroad, focusing on combining infrastructure and data expertise.Some support2 reports
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CRISIL assessed the impact of Delhi's EV policy, noting its potential to encourage other states to adopt mandates.Some support5 reports
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Ceasefire and Strait reopening led to stabilized energy markets, with Crisil projecting lower impact on corporate India profitability.Some support3 reports
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Niti Aayog published a report on credit issues, comparing credit penetration to global peers.Some support1 report
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Citigroup operates in India's financial market and CRISIL rates asset-backed securities in India.Some support2 reports
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Conflict in West Asia is driving the need for financial support and increasing working capital requirements.Some support1 report
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Manish Gupta serves as Deputy Chief Ratings Officer at CRISIL.Some support1 report
No events began in the chosen period. Widen it, or reset.
What's reaching CRISIL
Events traced to CRISIL, step by step, newest first- RBI policy shift may prompt CRISIL to adjust corporate credit ratingsHigher borrowing costs may prompt CRISIL to adjust corporate credit ratings.Possible
- Strong capital inflows may boost CRISIL's assessment of IndiaImproved capital inflows may strengthen CRISIL's outlook on India's financial stabilityPossible
- New audit framework may change how CRISIL assesses cooperative society riskNew audit framework may change how CRISIL assesses cooperative society riskPossible
- CRISIL faces increased risk assessment demand amid RBI liquidity tighteningCRISIL faces increased risk assessment demand amid RBI liquidity tighteningPossible
- RBI's dollar window may influence CRISIL's market stability ratingsRBI's dollar window may influence CRISIL's market stability ratingsPossible
- Trade deficit and currency strain may influence CRISIL's ratingsPersistent trade deficit and currency strain may influence CRISIL's economic stability ratingsPossible
See all 24 explainers
- CRISIL may adjust ratings amid consumer spending moderationCRISIL may adjust forecasts based on consumer spending moderation and inflation risksPossible
- Rising inflation may prompt CRISIL to adjust credit ratingsRising inflation and economic uncertainty may prompt CRISIL to adjust credit ratingsPossible
- RBI policy shifts demand new analysis from CRISILMarket volatility from RBI policy requires continuous analysis from CRISILPossible
- CRISIL may adjust risk assessments as corporate debt environment shiftsCRISIL may adjust risk assessments as corporate debt environment shiftsPossible
- RBI regulation of local bank may prompt CRISIL risk reviewRBI intervention and bank regulation may prompt CRISIL to adjust risk assessmentsPossible
- RBI policy outcome provides new data for CRISIL to analyze credit riskRBI policy outcome provides new data for CRISIL to analyze credit riskPossible
- Model microfinance institution recognition may influence CRISIL's sector viewModel microfinance institution recognition may influence CRISIL's sector viewPossible
- RBI policy and credit data may prompt changes in CRISIL's ratingsCRISIL may adjust credit ratings based on RBI policy and bank health dataPossible
- CRISIL's ratings depend on rupee stability and earnings growthCRISIL's credit assessments rely on rupee stability and corporate earnings outlookPossible
- Market volatility and RBI policy shifts could influence CRISIL's credit assessmentsMarket volatility and RBI policy shifts could influence CRISIL's credit assessmentsPossible
- How could the RBI's dollar provision to oil companies affect CRISIL's assessments?RBI's currency support measures may stabilize India's credit risk outlookPossible
- RBI regulations may change how CRISIL rates Indian financial healthRBI's stricter financial rules could reshape credit risk assessments for CRISILLikely
- Global oil price volatility may prompt CRISIL to reassess Indian riskGlobal oil price volatility may prompt CRISIL to reassess Indian economic risk.Possible
- New payment rules may prompt CRISIL to reassess India's financial stabilityRegulatory changes to UPI may prompt CRISIL to adjust its assessments of India's financial stability.Likely
- Easing bank funds and IT strength may boost CRISIL's outlookImproved financial conditions may lead to more positive credit ratings from CRISILPossible
- Rising inflation and rate hikes may prompt CRISIL to adjust ratingsCRISIL may adjust credit ratings amid rising inflation and tighter monetary policyLikely
- CRISIL's forecasts may shift amid RBI tightening and global risksCRISIL's outlook may face mixed pressures from RBI tightening and global instabilityLikely
- Geopolitical tensions may increase economic risk profile for CRISILRising inflation and geopolitical risk increase the economic risk profile assessed by CRISILLikely
Around CRISIL this week
News at the entities that move CRISIL most-
Reserve Bank of India OperationalSupreme Court upheld a Bombay High Court decision involving the Reserve Bank of India and a bank.Moves CRISIL
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West Asia Mentioned togetherThe IMF released estimates for member countries while acknowledging the ongoing war in West Asia.Moves CRISIL
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board of directors StructuralThe company's board of directors declared a cash dividend on April 11, 2024.Moves CRISIL
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India Meteorological Department StructuralThe India Meteorological Department deployed the DSS system to enhance preparedness and management against cyclones.Moves CRISIL
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El Nino OperationalEl Nino is causing storm tracks to shift across North America.Moves CRISIL
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Maharashtra Shared contextSEBI approved the draft offer document for SFC Environmental Technologies, a company based in Maharashtra.Moves CRISIL
Connections
The 38 strongest of 66, analyzed from the reporting. The bars show how strongly a change on one side reaches the other.-
Manish Gupta Structural
Manish Gupta holds senior executive roles, including Deputy Chief Ratings Officer, at CRISIL.
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Manish Gupta Structural
Manish Gupta holds the role of Deputy Chief Ratings Officer at CRISIL.
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Reserve Bank of India Operational
CRISIL actively tracks, predicts, and comments on the policy decisions and data released by the Reserve Bank of India.
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Manish Gupta Structural
A holds the role of Deputy Chief Ratings Officer at B, establishing a functional dependency between the individual and the company.
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Amish Mehta Structural
Amish Mehta serves as the CEO of CRISIL.
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Anand Kulkarni Structural
Anand Kulkarni holds a formal directorship position at Crisil Ratings.
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Roopa Kudva Structural
Roopa Kudva serves as the Managing Director and CEO of CRISIL.
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Yes Bank Transactional
CRISIL issued a rating upgrade for Yes Bank based on improvements in its credit profile.
Show all 38 connections
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board of directors Structural
The board of directors maintains a formal governance structure overseeing the operations of the company.
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CLEANMAX Structural
CRISIL assessed CLEANMAX's credit profile and NCD program as part of its market function.
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Maharashtra Shared context
CRISIL monitors and reports on economic risks and supply chain issues arising from events in Maharashtra.
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RITES Transactional
a deal or exchange
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India Meteorological Department Structural
CRISIL's operations depend on meteorological data provided by the India Meteorological Department.
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Coal Mentioned together
CRISIL reports on and analyzes the logistical and operational issues affecting the coal industry.
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FED Operational
CRISIL tracks market conditions that are directly influenced by the policy decisions of the Federal Reserve.
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Nikita Anand Structural
Nikita Anand holds the position of director at CRISIL.
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Vedanta Limited Transactional
CRISIL provides business and financial risk ratings for Vedanta Limited.
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Jay Mehta Operational
A provides technical buy targets and market analysis relevant to B's operational domain.
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ANI Transactional
CRISIL provided professional commentary regarding ANI.
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West Asia Mentioned together
CRISIL tracks, analyzes, and reports on the economic and geopolitical impacts of conflicts and instability in West Asia.
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El Nino Operational
El Nino is cited as a factor influencing the economic outlook assessed by CRISIL.
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Kotak Mahindra Bank Shared context
Both companies operate within the Indian financial market and share a focus on analyzing market expectations regarding RBI monetary policy.
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Eureka Forbes Transactional
CRISIL provided a corporate credit rating upgrade for Eureka Forbes.
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Sterlite Technologies Operational
CRISIL revised the financial outlook for Sterlite Technologies, indicating an active assessment relationship.
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Uttar Pradesh Mentioned together
The relationship is observed through the lens of how adverse weather contributes to production decline in the region.
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Ajai Shukla Mentioned together
Ajai Shukla was mentioned in the context of discussing a PNB Housing Finance rating upgrade.
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Delhi Mentioned together
CRISIL assessed the impact of Delhi's electric vehicle policy.
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India Shared context
CRISIL operates as a financial rating agency providing market analysis and ratings focused on the Indian economy and infrastructure.
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New Delhi Shared context
CRISIL conducts economic analysis and provides forecasts within the geographic and economic context of New Delhi.
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Mumbai Shared context
CRISIL's Chief Economist weighs the macro economic outlook while operating from Mumbai.
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Andhra Pradesh Shared context
Andhra Pradesh is situated within a macro-economic context where agricultural output is affected by rainfall patterns.
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PNB Housing Finance Limited Mentioned together
CRISIL provided a rating upgrade for PNB Housing Finance Limited.
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Securities and Exchange Board of India Operational
CRISIL reports are referenced and utilized by the Securities and Exchange Board of India during regulatory proceedings.
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central bank Operational
CRISIL's Chief Economist provided commentary supporting an immediate rate increase by the central bank.
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Middle East Shared context
Geopolitical tensions in the Middle East are cited as a factor affecting market sentiment relevant to CRISIL's operations.
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Honda Shared context
The two entities are observed operating within the same market context and are subject to market trend monitoring.
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Agel Mentioned together
The provided evidence does not describe any relationship between Agel and CRISIL.
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Adani Green Energy Mentioned together
No direct relationship between CRISIL and Adani Green Energy was observed in the provided evidence.
History
Events by the month they beganOctober 2026
7 events- CRISIL reaffirmed top-tier credit ratings for IDFC First Bank on October 17, 2026.
- CRISIL rated the long-term debt programme of Bajaj Housing Finance, a subsidiary of Bajaj Finance Ltd.
- CRISIL director and Tanishq CEO commented on consumer behavior and festive demand in India.
- CRISIL rated Indian fire protection firms and compared KSB to its domestic peers.
- CRISIL indices track the performance of government debt.
- Reserve Bank responds to crisis-fueled inflation with a rate hike, while CRISIL upgrades PNB Housing Finance Ltd's rating.
- CRISIL upgraded the credit rating for PNB Housing Finance Limited, noting the company's strong parentage.
September 2026
14 events- CRISIL Chief Economist analyzes the Indian economy, focusing on the country's macroeconomic stability.
- CRISIL has assessed the credit rating and the Non-Convertible Debenture (NCD) program for CLEANMAX, which operates as India's largest renewable provider.
- CRISIL reaffirmed ratings for Lehar Footwears Limited following a loan limit enhancement.
- Geopolitical volatility in West Asia drives cost inflation.
- CRISIL rated Non-Convertible Debentures (NCDs) for Edelweiss Financial Services, confirming compliance with SEBI regulations.
- Kotak Mahindra Bank and CRISIL analyzed market expectations regarding the Reserve Bank of India's monetary policy on September 1, 2026.
- CRISIL reaffirmed strong credit ratings for GIC Housing Finance Limited on September 19, 2026.
- CRISIL upgraded the long-term credit rating for P N Gadgil Jewellers on September 17, 2026.
- CRISIL was used as a debt allocation proxy in a study involving the BSE Sensex TRI.
- CRISIL provided data on inflows into the Indian market on September 1, 2026.
- CRISIL upgraded the corporate credit rating for Eureka Forbes, a company operating in India's health and hygiene landscape.
- Hydro power generation in India has seen a notable drop, a development recently cited in a report by CRISIL.
- The Reserve Bank of India has tightened regulatory restrictions on trading firms, specifically targeting AlphaGrep Securities Pvt. in Mumbai, which relies on ratings from CRISIL.
- CRISIL expects the asset quality of Small Finance Banks to improve.
August 2026
8 events- CRISIL reaffirmed credit ratings for Nahar Spinning Mills Limited on August 27, 2026.
- Retail sales are constrained by supply shortages, while Crisil tracks sugar market data in India.
- CRISIL released a report detailing a company's market position, which was cited in the news, involving a specific individual as a selling shareholder.
- Nirmala Sitharaman announced fiscal support for land reforms, alongside economic analysis on India's growth and policy bottlenecks.
- A company based in New Delhi has ramped up its Salary Saathi vertical in Assam, adding Union Bank of India as a lender and securing an A+ (SO) rating from CRISIL.
- CRISIL rated an oil and gas producer operating in India.
- Technical buy targets and market analysis were provided for Pidilite Industries, involving Jay Mehta and CRISIL, on August 1, 2026.
- CRISIL assigned an 'AA/Stable' rating to bank facilities of Vedanta and noted its majority stake in VISL operations.
Show 2 earlier months
July 2026
17 events- CRISIL covers companies across India.
- A company was referenced regarding CRISIL reports during proceedings involving the Securities and Exchange Board of India.
- Tensions in West Asia caused supply chain disruptions, leading to CRISIL analyzing 400 companies in India.
- CRISIL rated the business and financial risk profile of Vedanta Limited, noting that over 80% of its production comes from assets in Rajasthan.
- CRISIL analyzed India's industrial production growth, noting that El Nino and West Asia conflict risks are tempering economic output.
- CRISIL analyzed Indian cement companies, noting that the West Asia conflict is driving up input costs.
- CRISIL revised its outlook to Stable and CLSA provided market forecasts on company performance.
- CRISIL utilizes expert advice for strategic policy development regarding energy reserves, aligning targets with international standards.
- CRISIL issued ESG ratings for Adani Green Energy on July 22, 2026.
- A new center is positioned near Kempegowda International Airport, coinciding with CRISIL's estimates of sector capacity growth.
- CRISIL is currently assessing the corporate financial health of companies operating within India.
- Amish Mehta serves as CEO of CRISIL, with the board of directors overseeing company operations.
- CRISIL upgraded the credit rating of Kirloskar Pneumatic Company Ltd to AA.
- Kotak Institutional Equities announced portfolio changes on July 14, adding SBI Life and CRISIL, and including TCS and DCB Bank, while also trimming DLF and removing positions in Dixon Technologies and Info Edge.
- CRISIL reported on the Indian auto sector growth, noting supply chain disruptions and cost hikes due to the West Asia conflict.
- CRISIL reports on current food inflation trends.
- CRISIL has released estimates regarding the growth trajectory of the dairy sector within India.
June 2026
14 events- The West Asia crisis is impacting wholesale prices, affecting India's inflation forecast.
- Conflict in West Asia is causing disruptions to global supply chains and trade cycles, leading to assessments of the economic impact.
- El Nino effect linked to higher temperatures and lower rainfall, with CRISIL releasing a report on India's power demand.
- CRISIL provided economic forecasts in New Delhi on June 1st, while Bank of Baroda commented on production issues stemming from the conflict in West Asia.
- CRISIL released reports on the economic conditions of the region from New Delhi on May 27, 2026.
- CRISIL projects steady growth in home loans, driven by India's ongoing economic growth.
- ICICI Prudential Balanced Hybrid Fund performance is being benchmarked against the index.
- CRISIL and RITES announced an MoU on May 27, 2026, to collaborate on infrastructure projects in India and abroad, focusing on combining infrastructure and data expertise.
- CRISIL assessed the impact of Delhi's EV policy, noting its potential to encourage other states to adopt mandates.
- Ceasefire and Strait reopening led to stabilized energy markets, with Crisil projecting lower impact on corporate India profitability.
- Niti Aayog published a report on credit issues, comparing credit penetration to global peers.
- Citigroup operates in India's financial market and CRISIL rates asset-backed securities in India.
- Conflict in West Asia is driving the need for financial support and increasing working capital requirements.
- Manish Gupta serves as Deputy Chief Ratings Officer at CRISIL.