Our ICRA credit rating has finally been upgraded to BBB+ and A2+ for long-term and short-term borrowing. ICRA is one of the most experienced credit rating agencies in the country today. ICRA ratings convey the relative likelihood of credit risk within India and help investors make the best investment decisions for themselves. In simple terms, an ICRA rating is for manufacturing companies, commercial banks, non-banking finance companies, and others, similar to what a CBIL score is for individuals who look to secure a loan from a bank.