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CRISIL's ratings process is designed to ensure that all ratings are based on the highest standards
of independence and analytical rigour.
From the initial meeting with the management to the assignment of the rating, the rating process
normally takes three to four weeks. However, CRISIL has sometimes arrived at rating decisions
in shorter timeframes, to meet urgent requirements. The process of rating starts with a rating
request from the issuer, and the signing of a rating agreement. CRISIL employs a multi-layered,
decision-making process in assigning a rating.
The rating indicates highest credit quality and lowest risk in the short-term. The scheme is
managed by Canbank Investment Management Services, a wholly-owned subsidiary of
Canara Bank.
In yet another release, ICRA said it has assigned the same rating to three plans of HDFCQuarterly Interval Fund (HDFC-QIP) - HDFC Quarterly Interval Fund A, B and C.