Are A-rated bonds safe?

They are relatively safe but carry higher risk compared to AAA and AA-rated bonds.

Do A-rated bonds offer higher returns?

Yes, they typically offer better returns due to higher credit risk.

Can I sell A-rated bonds before maturity?

Yes, if listed, they can be sold in the secondary market, subject to liquidity.

Who issues A-rated bonds?

Corporates, NBFCs, and financial institutions commonly issue them.

List of A-Rated Bonds in India 2026

Name: A-Rated Bonds
Brand: Bonds
Rating: 4.9 (14292 reviews)

A-rated bonds in India offer a middle ground for investors seeking a balance between safety and returns in the fixed-income space. Rated just below the highest credit categories, these bonds are issued by companies and financial institutions with a strong capacity to meet their obligations, though they may be slightly more sensitive to economic changes.

As a result, they often provide higher yields compared to AAA and AA-rated bonds, making them an attractive option for investors willing to take on moderate credit risk. This page brings together a curated list of A-rated bonds available in 2026, along with key details to help you understand their features, risks, taxation, and how to invest in them.

What are A-Rated Bonds?

A-rated bonds are debt instruments that indicate a strong but slightly lower credit quality compared to AA or AAA-rated bonds. An “A” rating means the issuer has a good ability to meet its financial obligations, but may be more affected by economic changes or business conditions.

These bonds are considered investment-grade, making them suitable for investors who are willing to take a moderate level of risk in exchange for potentially better returns.

Key Features & Benefits of A-Rated Bonds

Investment-Grade Rating: A-rated bonds fall within the investment-grade category, indicating reasonable creditworthiness.

Higher Interest Rates: They usually offer better returns than AAA and AA-rated bonds due to relatively higher risk.

Regular Income: Investors receive fixed interest payouts at monthly, quarterly, or annual intervals.

Wide Issuer Base: Issued by corporates, NBFCs, and financial institutions across sectors.

Portfolio Diversification: Help improve overall portfolio returns when combined with safer instruments.

Who Should Invest in A-Rated Bonds?

Moderate-Risk Investors: Suitable for investors comfortable taking slightly higher credit risk for better returns.

Yield-Seeking Investors: Ideal for those looking to earn a higher interest rate.

Experienced Investors: Investors who understand credit ratings and issuer risk.

Portfolio Diversifiers: Those looking to balance safety and returns within fixed-income investments.

Medium to Long-Term Investors: Best for investors who can stay invested for a fixed tenure.

List of A-Rated Bonds in India

COMPANY	ISIN	NAME OF THE INSTRUMENT	DATE OF ALLOTMENT	COUPON RATE	CREDIT RATING
TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED	INE340M08137	9.20% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS SERIES II 2014-15. DATE OF MATURITY 18/12/2024	18 December 2014	9.20%	A (SO) INDIA RATING AND RESEARCH PVT. LTD DT 24-10-2013
RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LTD.	INE572F11109	Unsecured Non Convertible Redeemable Deep Discount Bonds. Letter of Allotment. STRPP-J. Date of Maturity: 31/12/2028	31 December 2010	ZERO COUPON	A (SO) BRICKWORK RATINGS INDIA PRIVATE LIMITED DT 16-12-2010
RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LTD.	INE572F11166	Unsecured Non-Convertible Deep Discount Bond. Letter of Allotment. Series- STRPPs F. Date of Maturity 14/01/2025	14 January 2011	ZERO COUPON	A (SO) BRICKWORK RATINGS INDIA PRIVATE LIMITED DT 16-12-2010
RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LTD.	INE572F11075	Unsecured Non Convertible Redeemable Deep Discount Bonds. Letter of Allotment. STRPP-G. Date of Maturity: 31/12/2025	31 December 2010	ZERO COUPON	A (SO) BRICKWORK RATINGS INDIA PRIVATE LIMITED DT 16-12-2010
INDIAN RAILWAY FINANCE CORPORATION LIMITED	INE053F07BU3	7.48% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 140. LETTER OF ALLOTMENT. DATE OF MATURITY 13/08/2029	13 August 2019	7.48%	A ICRA LIMITED DT 08-08-2019
ANDHRA PRADESH STATE FINANCIAL CORPORATION	INE695F09391	8.50% Unsecured Non-Convertible Non SLR Bonds in the form of Promissory Notes. Letter of Allotment . Series II / 2008. Date of Maturity : 27/03/2018	27 March 2008	8.50% (Refer remark)	A (SO) CRISIL RATINGS LIMITED DT 11-02-2008
INDIAN RAILWAY FINANCE CORPORATION LIMITED	INE053F07BU3	7.48% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 140. LETTER OF ALLOTMENT. DATE OF MATURITY 13/08/2029	13 August 2019	7.48%	A ICRA LIMITED DT 08-08-2019
ANDHRA PRADESH STATE FINANCIAL CORPORATION	INE695F09409	9.00% Unsecured Non-Convertible Non SLR Bonds in the form of Promissory Notes. Letter of Allotment . Series III / 2008. Date of Maturity : 03/01/2019	3 January 2009	9.00% (Refer remark)	A (SO) INDIA RATING AND RESEARCH PVT. LTD DT 12-12-2008
RAJASTHAN STATE ROAD TRANSPORT CORPORATION	INE700N08015	10.25% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. SERIES I (RSRTC BONDS 2013-14). LETTER OF ALLOTMENT. DATE OF MATURITY 20/02/2024	20 February 2014	10.25%	A (SO) Acuite Ratings And Research Limited DT 14-06-2013
GUJARAT URJA VIKAS NIGAM LIMITED	INE661E08091	11.75% Redeemable Non Convertible Bonds -Series VI-Option III; Date of final redemption: - 21/11/2014 Letter of Allotment	21 November 2002	-	A (SO) CARE RATINGS LIMITED DT 12-08-2002

Risks Involved in A-Rated Bonds

Moderate Credit Risk: Higher risk compared to AAA and AA-rated bonds.

Rating Downgrade Risk: A downgrade can impact bond prices and investor confidence.

Default Risk: There is a possibility of delayed payments or default in adverse conditions.

Liquidity Risk: Some bonds may not be actively traded, making early exit difficult.

Interest Rate Risk: Bond prices may fall when market interest rates increase.

Tax Applicability on A-Rated Bonds

Tax on Interest Income
Interest earned is taxed under “Income from Other Sources” as per your income tax slab.

Short-Term Capital Gains (STCG): Taxed as per slab if sold within 12 months (for listed bonds)

Long-Term Capital Gains (LTCG): Taxed as per applicable rates after the holding period

TDS Applicability: TDS may be deducted if interest income exceeds prescribed limits.

How to Buy A-Rated Bonds?

Through Demat Account (Secondary Market):

Log in to your trading account
Search using ISIN or bond name
Check price, yield, and rating
Place a buy order

Online Bond Platforms: Compare different bonds, yields, and invest digitally.

Primary Issuances (NCDs): Invest when companies launch new bond issues.

Disclaimer

The A-Rated bond data on this page is sourced from the NSDL website and is based on publicly available market information as on 19 March 2026. Prices, yields, trade values, and other related details are subject to change in real time depending on market movements and liquidity. This content is intended solely for informational and educational purposes and should not be considered as investment advice, recommendation, or an offer to buy or sell any securities.

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