Brickwork Ratingsfor informed investment decisions

Summer Internship Presentationby

Manoj Kumar Singh10BM60046

Company ProfileRating agency founded in 2007 with a mission

to help Indian investors make informed investment decisions.

Founded by bankers, credit rating professionals, former regulators as well as professors

Fifth credit rating agency to be recognized by SEBI

Committed to promoting Financial Literacy

Founder’s ProfileMr. Vivek Kulkarni

• Former IT secretary of Bangalore• Finance secretary(Resources) of Karnataka• Division Chief of SEBI• Head of Advisory Services in CRISIL• Director & Chairman of the Technology Committee on the

Board of the BSE• Former faculty of finance at Boston University, IIM

Bangalore and IISc Bangalore.

Founder’s Profile Continued…N Balasubramaniam

• CMD of SIDBI• Chairman IFCI• Chairman of sub-committee on SME financing in planning

commission

D Ravishankar• MD of Asia-Pacific Risk Solutions business of Standard and Poor‘s• Executive Director for India Risk solutions business of CRISIL

Limited• President & CEO, Polaris Retail Infotech Ltd.• CEO of Cholamandalam Cazenove Mutual Fund• Fund Manager & Vice President at Reliance Mutual Fund• Chief Investment Officer of GIC Mutual Fund

Rating Services Issuer Ratings- For State and Local Governments,

Corporates, Banks and Financial InstitutionsShort Term Ratings- For Commercial Paper, CDs of Banks

and CorporateLong Term Ratings- For Bonds, Debentures, Structured

Products of CorporateLong Term Ratings for Tier I and Tier II Capital of BanksFixed Deposit RatingsMutual Funds Ratings, Bank Loan Ratings, SME Ratings IPO Grading Insurance Company RatingsCorporate Governance RatingsReal Estate Project Ratings, Real Estate Developer Ratings

Rating Process

Rating Criteria

Risk ParametersBusiness Risk

Operating risk, fixed cost, prospect of growth, pattern of business cycles, labor unrest, government interventions

Industry RiskCyclical, competitive & technological changes

Management RiskManagement competency & integrity

Financial RiskRatio analysis, cash flows, analysis of

projections

Investment Grade RatingsBWR AAA (BWR Triple A)

Instruments with ‘AAA’ rating are considered to offer the Best credit quality, in terms of timely servicing of debt obligations.  

BWR AA (BWR Double A)

Instruments with ‘AA’ rating are considered to offer High credit quality.

BWR AInstruments with ‘A’ rating are considered to offer Adequate credit quality.

BWR BBB (BWR Triple B)

Instruments with this rating are considered to offer Moderate credit quality.

Speculative grade

BWR BB (BWR Double B)

Instruments with this rating are considered to offer Inadequate credit quality.

BWR BInstruments with this rating are considered to offer Low credit quality.

BWR CInstruments with this rating are considered to offer Very Low credit quality.

BWR DInstruments with this rating are in Default or expected to Default.

Expectation From Summer InternshipProfile Offered- Bond Rating, Credit RatingLocation- BanguluruExpectations

Getting hands-on experience of working on live financial products

Working on at-least one project on each bond rating, credit rating, IPO grading

Applying theoretical concepts learned in classroom

Getting a better idea of skills required to excel in financial services field.

Thank you