A-rated bonds sit in the middle of India's investment-grade scale — rating agencies define the A tier as adequate safety with higher susceptibility to adverse economic conditions than AA or AAA. They typically yield 10–12% in India. Reviewing issuer financials and the rating rationale matters more at this tier.
The A tier (A+, A, A-) sits in the middle of India's investment-grade scale. Agencies define A-rated instruments as having adequate safety regarding timely debt servicing, with more susceptibility to adverse economic or business conditions than AA or AAA bonds. Many mid-sized NBFCs and corporates issue at this level, and it is the largest rating tier on Indian online bond platforms. Yields typically range 10–12%, compensating for the higher credit risk. Reading the rating rationale and the issuer's financials matters more as you move down the rating scale.
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128 Bonds Found
Sorted by YTM. Not a recommendation.| Issuer | Rating | YTM | Coupon | Maturity | Platforms |
|---|---|---|---|---|---|
| 12.25Indel Money Limited 09 Jun 2032 INE0BUS08047 | A- | 13.06% | 12.25% | 5.9Y | 1 |
| Satin Creditcare Network Limited INE836B08319 | A | 12.79% | 12.00% | 5.0Y | 1 |
| Marwadi Chandarana Intermediaries Brokers Pvt Ltd INE0K0Y07013 | A | 12.75% | — | 2.9Y | 1 |
| AKME FINTRADE (INDIA) LIMITED INE916Y07099 | A- | 12.65% | 11.50% | 2.0Y | 1 |
| SATIN CREDITCARE INE836B08327 | A | 12.50% | 12.00% | 5.2Y | 1 |
| TAPIR CONSTRUCTIONS INE00DJ07052 | A- | 12.50% | 12.50% | 3.6Y | 1 |
| UGRO Capital Limited INE583D08081 | A | 12.44% | 11.65% | 4.6Y | 1 |
| LUCINA DEVELOPMENT INE0JZO07040 | A- | 12.35% | 13.00% | 2.5Y | 1 |
| Satin Finserv Limited INE03K307165 | A- | 12.30% | 10.75% | 1.9Y | 1 |
| Satin Finserv Limited INE03K307140 | A- | 12.20% | 10.50% | 1.7Y | 1 |
| Midland Microfin Limited INE884Q07798 | A- | 12.15% | 10.75% | 1.2Y | 1 |
| MIDLAND MICROFIN INE884Q07855 | A- | 12.00% | 10.65% | 1.8Y | 1 |
| SATIN FINSERV INE03K307132 | A- | 12.00% | 10.25% | 1.6Y | 1 |
| Midland Microfin Limited INE884Q07822 | A- | 11.90% | 11.70% | 12M | 2 |
| Si Creva Capital Services Private Limited INE996U07560 | A- | 11.75% | — | — | 1 |
| Annapurna Finance Private Limited INE515Q08283 | A- | 11.67% | 11.75% | 5.7Y | 1 |
| Kosamattam Finance Limited INE403Q08357 | A | 11.56% | 11.00% | 5.3Y | 1 |
| Namra Finance Limited INE229U07186 | A- | 11.55% | 10.90% | 1.7Y | 3 |
| NAMRA FINANCE INE229U07178 | A- | 11.50% | 11.25% | 2.1Y | 2 |
| Indel Money Limited INE0BUS07CJ2 | A- | 11.50% | 11.00% | 2.5Y | 1 |
| SLICE SMALL FINANCE BANK LIMITED 2031 INE09B308044 | A | 11.50% | 12.00% | 5.4Y | 2 |
| MUFIN GREEN FINANCE LIMITED INE08KJ07183 | A- | 11.50% | 10.00% | 10M | 1 |
| ARMAN FINANCIAL SERVICES LIMITED 2028 INE109C07147 | A | 11.45% | 10.90% | 2.2Y | 5 |
| Satin Finserv Limited INE03K307124 | A- | 11.45% | 10.75% | 1.6Y | 1 |
| Dishman Carbogen Amcis Ltd. INE385W07067 | A | 11.40% | 10.00% | 1.4Y | 1 |
| Indel Money Limited INE0BUS07CN4 | A- | 11.40% | 9.75% | 1.7Y | 1 |
| Indel Money Limited INE0BUS07CK0 | A- | 11.40% | 10.00% | 1.7Y | 1 |
| EarlySalary Services Private Limited INE01YL07433 | A- | 11.35% | 10.50% | 1.9Y | 2 |
| EARLYSALARY(FIBE) INE01YL07466 | A- | 11.30% | 10.30% | 2.9Y | 1 |
| EarlySalary Services Private Limited INE01YL07458 | A- | 11.25% | 10.50% | 2.0Y | 1 |
| Arman Financial Services Limited INE109C07139 | A- | 11.15% | 11.35% | 2.0Y | 1 |
| MUTHOOT MCRED INE101Q07BZ6 | A | 11.10% | 9.65% | 2.1Y | 2 |
| Muthoot MCred Limited INE101Q07BX1 | A | 11.10% | 9.30% | 1.9Y | 3 |
| MIDLAND MICROFIN LIMITED INE884Q07806 | A- | 11.00% | 12.00% | 9M | 1 |
| NAVI FINSERV INE342T07726 | A | 11.00% | 10.75% | 3.1Y | 2 |
| NAVI FINSERV LIMITED 2028 INE342T07718 | A | 11.00% | 10.30% | 1.7Y | 4 |
| Navi Finserv Limited INE342T07684 | A | 11.00% | 10.30% | 1.8Y | 1 |
| LAXMI INDIA FINANCE LIMITED INE06WU07072 | A | 11.00% | 10.50% | 2.6Y | 1 |
| KOSAMATTAM FINANCE LIMITED 2029 INE403Q07HB4 | A | 10.90% | 9.25% | 2.8Y | 5 |
| SHRI RAM FINANCE CORPORATION PRIVATE LIMITED INE08E807167 | A | 10.85% | 9.90% | 1.5Y | 2 |
| EARLYSALARY SERVICES PRIVATE LIMITED INE01YL07409 | A- | 10.85% | 10.70% | 1.4Y | 1 |
| DISHMAN CARBOGEN AMCIS LIMITED INE385W07059 | A | 10.80% | 10.00% | 2.5Y | 1 |
| Navi Finserv Limited INE342T07668 | A | 10.80% | 10.75% | 2.4Y | 1 |
| Navi Finserv Limited INE342T07601 | A | 10.80% | 10.75% | 2.1Y | 1 |
| SHARE INDIA SECURITIES LIMITED INE932X07049 | A+ | 10.75% | 10.50% | 1.2Y | 1 |
| Navi Finserv Limited INE342T07635 | A | 10.75% | 10.30% | 1.2Y | 2 |
| NAVI FINSERV LIMITED INE342T07569 | A | 10.75% | 10.60% | 10M | 1 |
| NAVI FINSERV LIMITED INE342T07544 | A | 10.75% | 10.75% | 1.4Y | 1 |
| NAMRA FINANCE LIMITED INE229U07145 | A- | 10.75% | 11.35% | 1.3Y | 1 |
| Muthoot MCred Limited INE101Q07CA7 | A | 10.75% | 9.30% | 2.3Y | 1 |
Frequently Asked Questions
What does an A rating mean on the Indian credit scale?
A-rated instruments (A+, A, A-) are defined by rating agencies as having adequate safety regarding timely debt servicing. They are investment grade, but more susceptible to adverse business or economic conditions than AA or AAA rated bonds. It is the largest rating tier on Indian online bond platforms.
Why do A-rated bonds yield more than AA-rated bonds?
The additional yield — typically 10–12% versus 8–10% for AA — is a credit-risk premium. A-rated issuers are often mid-sized NBFCs and corporates with thinner balance sheets or shorter track records, so the market demands more compensation for default and downgrade risk.
What checks matter most for an A-rated bond?
The rating rationale published by the agency, the issuer's debt-to-equity ratio, interest coverage, loan-book or cash-flow quality, whether the bond is secured, and any recent rating actions. Diversifying across issuers reduces concentration risk at this tier.
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Data is for informational purposes only. BondDekho is not SEBI-registered and does not provide investment advice. Bond yields and ratings are subject to change. Verify details on respective platforms before investing. Sorted by Yield to Maturity. Not a recommendation.