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 |
|---|---|---|---|---|---|
| 12.00Akara Capital Advisors Private Limited 07 Nov 2027 INE08XP07498 | BBB | 14.80% | 12.00% | 1.4Y | 1 |
| AKARA CAPITAL INE08XP07480 | BBB | 14.00% | 12.80% | 1.9Y | 1 |
| KEERTANA FINSERV INE0NES07329 | BBB+ | 13.85% | 12.00% | 1.3Y | 3 |
| KEERTANA FINSERV PRIVATE LIMITED INE0NES07261 | BBB+ | 13.70% | 11.10% | 1.2Y | 1 |
| Avanti Finance Private Limited INE0BNQ07154 | BBB | 13.50% | — | — | 1 |
| Kanakadurga Finance Limited INE104W07229 | BBB | 13.30% | 11.55% | 1.5Y | 1 |
| Spandana Sphoorty Financial Limited INE572J07810 | BBB+ | 12.90% | 11.25% | 1.9Y | 3 |
| Keertana Finserv Private Limited INE0NES07170 | BBB+ | 12.80% | — | — | 1 |
| Midland Microfin Limited INE884Q07822 | BBB+ | 12.70% | 11.70% | 1.0Y | 2 |
| Dar Credit & Capital Ltd. INE04Q907090 | BBB- | 12.70% | — | — | 1 |
| IFL FINANCE INE01XO07025 | BBB | 12.48% | 12.25% | 1.6Y | 1 |
| MONEYBOXX FINANCE LIMITED INE296Q07167 | BBB | 12.30% | 10.20% | 1.8Y | 1 |
| MONEYBOXX FINANCE LIMITED INE296Q07159 | BBB | 12.30% | 10.20% | 1.5Y | 1 |
| Moneyboxx Finance Limited INE296Q07142 | BBB | 12.30% | 10.25% | 1.3Y | 2 |
| MAHAVEER FINANCE INE911L07154 | BBB+ | 12.00% | 11.20% | 3.5Y | 1 |
| Kanakadurga Finance Limited INE104W07260 | BBB | 12.00% | 11.00% | 1.0Y | 1 |
| Finkurve Financial Services Limited INE734I07107 | BBB | 11.90% | — | 2.2Y | 1 |
| Finnable Credit Private Limited INE14H407116 | BBB+ | 11.85% | 11.00% | 2.2Y | 2 |
| UNIGOLD FINANCE INE0O7U07046 | BBB | 11.85% | 11.00% | 1.8Y | 1 |
| Credit Wise Capital Limited INE0LN107063 | BBB | 11.55% | — | 1.8Y | 1 |
| Shalibhadra Finance Limited INE861D07018 | BBB- | 11.50% | 12.00% | 1.8Y | 1 |
| Finnable Credit Private Limited INE14H407074 | BBB+ | 11.50% | 12.25% | 2.0Y | 1 |
| 12.00 Slice Small Finance Bank Limited 17 Dec 2031 INE09B308044 | BBB | 11.50% | 12.00% | 5.5Y | 2 |
| IFL FINANCE LIMITED INE01XO07066 | BBB | 11.50% | 11.75% | 1.9Y | 1 |
| Credit Wise Capital Private Limited INE0LN107071 | BBB | 11.40% | 11.15% | 1.9Y | 1 |
| IFL FINANCE LIMITED INE01XO07041 | BBB | 11.30% | 11.80% | 1.7Y | 1 |
| Finkurve Financial Services Limited INE734I07099 | BBB | 11.25% | 11.16% | 1.5Y | 1 |
| Finkurve Financial Services Limited INE734I07073 | BBB | 11.25% | 11.16% | 1.4Y | 1 |
| PROGFIN PRIVATE LIMITED INE0MYJ07179 | BBB+ | 11.25% | 11.00% | 1.1Y | 1 |
| Progfin Private Limited INE0MYJ07161 | BBB+ | 11.25% | — | 11M | 1 |
| MANBA FINANCE LIMITED INE939X07259 | BBB+ | 11.00% | 10.65% | 1.8Y | 1 |
| MANBA FINANCE LIMITED INE939X07226 | BBB+ | 11.00% | 11.25% | 1.1Y | 1 |
| MONEYBOXX FINANCE LIMITED INE296Q07134 | BBB | 11.00% | 11.75% | 1.0Y | 1 |
| UNIGOLD FINANCE LIMITED INE0O7U07020 | BBB | 11.00% | 11.00% | 1.1Y | 1 |
| MANBA FINANCE LIMITED INE939X07234 | BBB+ | 10.85% | 10.95% | 1.4Y | 1 |
| BERAR FINANCE LIMITED INE998Y07188 | BBB | 10.75% | 11.42% | 1.0Y | 1 |
| KEERTANA FINSERV LIMITED INE0NES07188 | BBB+ | 9.00% | 11.20% | 7M | 1 |
| 12.06 Finstars Capital Limited 13 10 2027 INE08XA07029 | BBB- | — | 12.06% | 1.3Y | 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.