BBB-rated bonds occupy the lowest investment-grade tier on the Indian rating scale — agencies define BBB as moderate safety with moderate credit risk. Yields typically range from 11–14%, reflecting materially higher default risk than AA or A rated bonds. Below BBB-, a bond is classified as non-investment grade.
BBB (BBB+, BBB, BBB-) is the lowest investment-grade tier on the Indian credit rating scale. Agencies define BBB as moderate safety with moderate credit risk — a meaningful step below the A and AA tiers. BBB- is the investment-grade floor: anything below is classified as non-investment grade. Yields of 11–14% reflect materially higher default risk, and a downgrade can move a BBB bond out of investment grade entirely. Issuer fundamentals, rating outlook, and security structure deserve close attention at this tier, and concentration in any single issuer carries outsized risk.
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38 Bonds Found
Sorted by YTM. Not a recommendation.| Issuer | Rating | YTM | Coupon | Maturity | Platforms |
|---|---|---|---|---|---|
| 12.05 Akara Capital Advisors Private Limited 05 Jun 2029 INE08XP07506 | BBB | 14.50% | 12.05% | 2.9Y | 1 |
| AKARA CAPITAL ADVISORS PRIVATE LIMITED INE08XP07498 | BBB | 14.50% | 12.00% | 1.3Y | 1 |
| AKARA CAPITAL ADVISORS PRIVATE LIMITED INE08XP07423 | BBB | 14.50% | 12.00% | 10M | 1 |
| KEERTANA FINSERV INE0NES07303 | BBB+ | 13.85% | 12.00% | 1.8Y | 4 |
| Cyqure India Private Limited INE0Z4807015 | BBB- | 13.75% | — | — | 1 |
| 12.00 Keertana Finserv Limited 22 Sep 2027 INE0NES07329 | BBB+ | 13.55% | 12.00% | 1.2Y | 2 |
| NEOGROWTH CREDIT INE814O07618 | BBB | 13.40% | 12.15% | 1.4Y | 1 |
| AKARA CAPITAL INE08XP07480 | BBB | 13.25% | 12.80% | 1.8Y | 1 |
| SPANDANA SPHOORTY INE572J07810 | BBB+ | 12.70% | 11.25% | 1.7Y | 1 |
| Kanakadurga Finance Limited INE104W07245 | BBB | 12.25% | 11.60% | 1.5Y | 1 |
| MONEYBOXX FINANCE LIMITED INE296Q07167 | BBB | 12.10% | 10.20% | 1.7Y | 1 |
| MONEYBOXX FINANCE LIMITED INE296Q07159 | BBB | 12.10% | 10.20% | 1.3Y | 1 |
| MAHAVEER FINANCE INE911L07154 | BBB+ | 12.00% | 11.20% | 3.3Y | 1 |
| Finkurve Financial Services Limited INE734I07115 | BBB | 12.00% | 11.33% | 1.9Y | 2 |
| ACHIIEVERS FINANCE INDIA LIMITED INE065507BN0 | BBB- | 12.00% | 14.00% | 1.7Y | 1 |
| UNIGOLD FINANCE INE0O7U07046 | BBB | 11.97% | 11.00% | 1.7Y | 1 |
| Finkurve Financial Services Limited INE734I07107 | BBB | 11.90% | — | 2.0Y | 1 |
| Spandana Sphoorty Financial Limited INE572J07786 | BBB+ | 11.90% | 11.50% | 1.9Y | 1 |
| Finnable Credit Private Limited INE14H407116 | BBB+ | 11.75% | 11.00% | 2.1Y | 2 |
| Keertana Finserv Limited INE0NES07220 | BBB+ | 11.75% | — | — | 1 |
| Finkurve Financial Services Limited INE734I07081 | BBB | 11.60% | — | 1.6Y | 1 |
| IFL FINANCE LIMITED INE01XO07074 | BBB | 11.60% | 11.80% | 1.9Y | 1 |
| UNIGOLD FINANCE LIMITED INE0O7U07020 | BBB | 11.50% | 11.00% | 1.0Y | 1 |
| Credit Wise Capital Private Limited INE0LN107071 | BBB | 11.40% | 11.15% | 1.7Y | 1 |
| Finnable Credit Private Limited INE14H407074 | BBB+ | 11.25% | 12.25% | 1.9Y | 1 |
| MANBA FINANCE LIMITED INE939X07242 | BBB+ | 11.10% | 11.00% | 1.6Y | 1 |
| BEST FINANCE CORPORATION LIMITED INE0D4Z07011 | BBB+ | 11.00% | 10.50% | 8M | 1 |
| 10.95Manba Finance Limited 20 Oct 2027 INE939X07234 | BBB+ | 10.85% | 10.95% | 1.2Y | 1 |
| Indel Money Limited INE0BUS07BX5 | BBB+ | 10.82% | 12.00% | 2.0Y | 1 |
| MANBA FINANCE LIMITED INE939X07259 | BBB+ | 10.75% | 10.65% | 1.7Y | 1 |
| BERAR FINANCE LIMITED INE998Y07204 | BBB+ | 10.50% | 10.95% | 1.1Y | 1 |
| MANBA FINANCE LIMITED INE939X07226 | BBB+ | 10.50% | 11.25% | 13M | 1 |
| PROGFIN PRIVATE LIMITED INE0MYJ07161 | BBB+ | 10.50% | 10.00% | 9M | 1 |
| Muthoot Mercantile Limited INE05F407DN7 | BBB | 10.50% | 9.50% | 6M | 1 |
| BERAR FINANCE LIMITED INE998Y07188 | BBB | 10.35% | 11.42% | 12M | 1 |
| UNIGOLD FINANCE LIMITED INE0O7U07012 | BBB- | 9.00% | 11.25% | 8M | 1 |
| Indel INE0BUS07BV9 | BBB+ | 9.00% | 11.25% | 8M | 1 |
| 12.06 Finstars Capital Limited 13 10 2027 INE08XA07029 | BBB- | — | 12.06% | 1.2Y | 1 |
Frequently Asked Questions
What does BBB mean on the credit rating scale?
BBB is the lowest investment-grade tier. Rating agencies define it as moderate safety with moderate credit risk. BBB- is the floor of investment grade — instruments rated below it (BB and lower) are classified as non-investment grade, sometimes called high-yield or speculative grade.
Why do BBB bonds yield 11–14% in India?
The yield prices in materially higher default probability than AA or A tiers, plus lower liquidity and typically smaller issuers. The wider spread is the market's compensation for taking on that risk — it is not a free lunch, and credit events in this tier do occur.
Are BBB-rated bonds investment grade?
Yes — BBB-, BBB, and BBB+ are all investment grade. However, they sit directly above the speculative-grade boundary, so rating watch notices and outlook changes matter more here than in higher tiers. A single-notch downgrade from BBB- moves a bond out of investment grade.
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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.