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Credit Rating :
Fees Structure
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FEE STRUCTURE
Initial Rating Fees
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(a) Fixed Deposits
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0.10% of the outstanding amount of Fixed Deposits subject to a minimum of Rs. 200,000.
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(b) Debentures
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0.10% of the issue amount subject to a minimum of
Rs.200,000.
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(c) Commercial Paper
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0.10% of the issue amount subject to a minimum of
Rs.200,000.
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(d) Issuer Rating
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0.05% of all the outstanding debts as on last balance sheet date subject to minimum of
Rs.300,000.
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- Annual Surveillance Fees on FD/Debentures/CP: 0.03% of the amount outstanding
under the rated instrument subject to a minimum of Rs. 100,000.
- Annual Surveillance Fees on Issuer Rating - 0.05% of the amount outstanding under the rated instrument subject to a minimum of Rs.
200,000.
- Credit Reports: Fees applicable will depend on the scope and coverage of each report and can be obtained on specific request
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Notes :
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- Rating fees are computed separately on each instrument issued.
- Issuers are liable to pay rating fees, regardless of
whether they accept CARE's rating or not. Full
rating fee is to be paid upfront.
- Out of pocket expenses, if any will be charged to the client on actual basis. CARE will not be obliged to disclose details of such expenses. In case of roll-over of CPs, no rating fee would be charged for any roll-over within one year of the original rating. For any increase in the amount of issue, additional fee at normal rate will be charged. For any roll-over after a year from the original rating, additional fee at the rate applicable for annual surveillance will be levied.
- Service tax will be charged extra as applicable.
- CARE reserves the right to make changes in the fee structure at any time.
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