Go Digit General Insurance gets AA- rating reaffirmed, watch to Positive

The rating action in numbers

CRISIL reaffirms AA- and moves the Rating Watch to Positive

CRISIL Ratings Limited reaffirmed the company's Corporate Credit Rating at AA- and revised the Rating Watch from Developing Implications to Positive Implications. CRISIL's letter says issuers with this rating are considered to have a high degree of safety regarding timely servicing of debt obligations, and that debt exposures to such issuers carry very low credit risk.

CRISIL can revise the rating at any time

CRISIL's letter says it reserves the right to withdraw or revise the rating at any time, on the basis of new information, unavailability of information, or other circumstances it believes may have an impact on the rating. The letter describes the Rating Watch as an emerging situation.

What the rating action means for Go Digit General Insurance's shareholders

The rating action concerns the company's credit rating, and the letter does not give a financial effect on the company. The filing does not say which instruments or amount the rating covers, when the Rating Watch will be resolved, or what the Positive implications would lead to in the rating.

The company says the intimation is also placed on its website at www.godigit.com/investor-relations.

Reference: Original filing (PDF)