Credit Rating Advisory for ICRA.
ICRA, an affiliate of Moody's Investors Service, is one of India's leading full-service credit rating agencies. We prepare the financial, business and governance case a company presents when seeking a ICRA rating, so the outcome reflects genuine credit strength.
ICRA Rating Preparation · Rating Enhancement · Pre-Rating Diagnostic
Where This Applies
- A ICRA rating is needed for a debt issuance, bank facility, or as a standing credibility signal.
- The current financial and governance profile needs review against what ICRA typically evaluates.
- A weaker-than-expected rating in the past needs to be understood and addressed before reapplying.
- Rating-linked pricing on existing or planned borrowing makes the outcome commercially significant.
How We Approach It
We run a pre-rating diagnostic against the criteria ICRA typically evaluates — leverage, coverage, governance and business risk — and address genuine gaps before the rating process begins, rather than reacting after a rating outcome.
Why EquiFin
- Independent advisory — we structure the rating narrative, we are not a rating agency ourselves.
- 60+ active lender relationships across PSU banks, private banks, NBFCs and private credit funds who rely on these ratings.
- One point of contact from pre-rating diagnostic through to the final rating outcome.
Frequently Asked Questions
Does EquiFin issue the ICRA rating?
No. ICRA is an independent, SEBI-registered credit rating agency. EquiFin prepares the financial and business case a company presents, but the rating itself is assigned solely by ICRA's independent process.
What typically drives a ICRA rating outcome?
Leverage, interest coverage, cash flow stability, governance standards and business risk typically drive the outcome, alongside sector-specific factors.
See what documents lenders typically ask for — Documents Required for a Corporate Loan →
60+ Active Lender Relationships · Independent Advisory, Not a Lender
Prepare a Stronger Case Before ICRA Rates You.
We diagnose rating gaps before the ICRA process begins.
Discuss a ICRA Rating