Credit Ratings

Domestic Rating	Long Term				Outlook	Short-term		Month of press release
	Tier 2 Bonds	NCDs	Infrastructure Bonds	Bank Loan**	Outlook	Certificates of Deposits	Commercial Papers**	Month of press release
CRISIL	CRISIL AA	-	-	-	Stable	CRISIL A1+	-	Feb-20
ICRA	-	ICRA AA	ICRA AA	-	Stable	ICRA A1+	ICRA A1+	May-19
India Ratings	IND AA+	IND AA+	IND AA+	-	Negative	-	-	Dec-19
CARE	-	CARE AA+	-	CARE AA+	Negative	-	CARE A1+	Oct-19
Brickworks	-	BWR AA+	-	BWR AA+	Stable	-	-	May-19

** The Instruments have been transferred from Capital First Limited and Capital First Home Finance Private Limited to IDFC FIRST Bank Limited (erstwhile IDFC Bank Limited) as per the Scheme of Amalgamation between Capital First Limited (CFL), Capital First Home Finance Limited (CFHFL) and Capital First Securities Limited (CFSL) with IDFC FIRST Bank Limited.