InvestmentFinancial Glossary
CRISIL
Definition
Credit Rating Information Services of India Limited — India's leading credit rating agency. CRISIL rates debt instruments (bonds, FDs, debentures), mutual funds, and companies on a scale from AAA (highest safety) to D (default). It is a subsidiary of S&P Global.
Why It Matters
CRISIL ratings are essential for evaluating debt fund safety. A debt fund holding mostly AAA-rated papers is safer than one with A or BBB papers. During the Franklin Templeton crisis of 2020, funds with lower-rated papers suffered severe losses. Always check the credit quality composition of any debt fund before investing.