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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132 Bonds Found
Sorted by YTM. Not a recommendation.| Issuer | Rating | YTM | Coupon | Maturity | Platforms |
|---|---|---|---|---|---|
| TAPIR CONSTRUCTIONS INE00DJ07052 | A- | 12.80% | 12.50% | 3.7Y | 1 |
| Satin Creditcare Network Limited INE836B08319 | A | 12.79% | 12.00% | 5.1Y | 1 |
| LUCINA DEVELOPMENT INE0JZO07040 | A- | 12.50% | 13.00% | 2.6Y | 1 |
| MIDLAND MICROFIN INE884Q07855 | A- | 12.50% | 10.65% | 2.0Y | 1 |
| 11.65 Ugro Capital Limited 15 Mar 2031 INE583D08081 | A+ | 12.44% | 11.65% | 4.8Y | 1 |
| Akme Fintrade Limited INE916Y07032 | A- | 12.40% | — | — | 1 |
| SATIN FINSERV INE03K307132 | A- | 12.10% | 10.25% | 1.8Y | 1 |
| SATIN FINSERV INE03K307116 | A- | 12.10% | 10.75% | 1.7Y | 1 |
| Indel Money Limited INE0BUS07CI4 | A | 12.02% | 11.75% | 4.6Y | 1 |
| INDEL MONEY INE0BUS07CL8 | A- | 11.80% | 10.50% | 2.8Y | 2 |
| Arman Financial Services Limited INE109C07139 | A- | 11.75% | 11.35% | 2.1Y | 3 |
| Annapurna Finance Private Limited INE515Q08283 | A- | 11.68% | 11.75% | 5.8Y | 1 |
| Kosamattam Finance Limited INE403Q08357 | A | 11.67% | 11.00% | 5.4Y | 1 |
| Csl Finance Limited INE718F07049 | A- | 11.60% | — | 1.9Y | 1 |
| Csl Finance Limited INE718F07031 | A- | 11.60% | — | 1.9Y | 1 |
| Indel Money Limited INE0BUS07CJ2 | A- | 11.60% | 11.00% | 2.6Y | 1 |
| ARMAN FINANCIAL SERVICES LIMITED 2028 INE109C07147 | A | 11.55% | 10.90% | 2.3Y | 6 |
| Satin Finserv Limited INE03K307124 | A- | 11.50% | 10.75% | 1.7Y | 1 |
| NAMRA FINANCE INE229U07178 | A- | 11.50% | 11.25% | 2.2Y | 2 |
| Indel Money Limited INE0BUS07CK0 | A- | 11.45% | 10.00% | 1.8Y | 1 |
| Satin Creditcare Network Limited INE836B07915 | A | 11.39% | 10.00% | 1.6Y | 2 |
| NAMRA FINANCE LIMITED 2028 INE229U07186 | A | 11.30% | 10.90% | 1.9Y | 4 |
| MIDLAND MICROFIN LIMITED INE884Q07863 | A- | 11.25% | 12.00% | 1.2Y | 1 |
| U GRO CAPITAL LIMITED INE583D07562 | A+ | 11.25% | 10.00% | 5M | 1 |
| EarlySalary Services Private Limited INE01YL07417 | A- | 11.25% | 10.50% | 1.7Y | 3 |
| EARLYSALARY SERVICES PRIVATE LIMITED INE01YL07409 | A- | 11.25% | 10.70% | 1.6Y | 2 |
| Shri Ram Finance Corporation Private Limited INE08E807159 | A | 11.20% | 9.90% | 2.6Y | 1 |
| NAVI FINSERV INE342T07668 | A | 11.15% | 10.75% | 2.6Y | 3 |
| Navi Finserv Limited INE342T07635 | A | 11.15% | 10.30% | 1.3Y | 3 |
| Indel Money Limited INE0BUS07CM6 | A- | 11.15% | — | 1.9Y | 1 |
| EarlySalary Services Private Limited INE01YL07433 | A- | 11.15% | 10.50% | 2.0Y | 1 |
| Navi Finserv Limited INE342T07601 | A | 11.10% | 10.75% | 2.2Y | 2 |
| MUTHOOT MCRED LIMITED 25/Aug/2028 INE101Q07BZ6 | A | 11.10% | 9.65% | 2.2Y | 3 |
| MUTHOOT MCRED LIMITED INE101Q07BX1 | A | 11.10% | 9.30% | 2.0Y | 1 |
| Satin Creditcare Network Limited INE836B07907 | A | 11.05% | 10.15% | 2.1Y | 2 |
| EARLYSALARY(FIBE) INE01YL07441 | A- | 11.03% | 10.50% | 2.1Y | 2 |
| NIRMAL BANG SECURITIES PRIVATE LIMITED INE681R08141 | A- | 11.00% | 10.25% | 13M | 1 |
| Ugro Capital Limited INE583D07661 | A+ | 11.00% | — | 1.5Y | 2 |
| Kosamattam Finance Limited INE403Q07HB4 | A | 11.00% | 9.25% | 3.0Y | 4 |
| Navi Finserv Limited INE342T07684 | A | 11.00% | 10.30% | 2.0Y | 1 |
| Navi Finserv Limited INE342T07619 | A | 11.00% | 10.00% | 10M | 2 |
| Patel Engineering Limited INE244B07243 | A- | 11.00% | 10.25% | 1.2Y | 1 |
| GREAVES FINANCE LIMITED INE1QWF07063 | A- | 11.00% | 10.50% | 2.0Y | 1 |
| MUTHOOT MCRED LIMITED INE101Q07BO0 | A | 11.00% | 9.25% | 1.3Y | 1 |
| LAXMI INDIA FINANCE LIMITED INE06WU07072 | A | 11.00% | 10.50% | 2.7Y | 1 |
| SHRI RAM FINANCE CORPORATION PRIVATE LIMITED INE08E807167 | A | 10.95% | 9.90% | 1.6Y | 1 |
| DISHMAN CARBOGEN AMCIS LIMITED INE385W07059 | A | 10.85% | 10.00% | 2.6Y | 1 |
| KOSAMATTAM FINANCE LIMITED INE403Q07GF7 | A | 10.77% | 10.00% | 1.2Y | 1 |
| Ugro Capital Limited INE583D07620 | A+ | 10.75% | 9.50% | 9M | 2 |
| Aye Finance Private Limited INE501X07570 | A | 10.75% | — | — | 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.