MUMBAI: CRISIL has awarded AAAfr rating to ICICI Prudential Fixed Maturity Plan - Series 33 - Plan A, the first-ever rating on equity-linked fixed maturity plan. The rating shows that the fund's portfolio will give 'very strong' protection against losses due to credit defaults. The rated fund has a maturity of 33 months. The 'r' suffix on the rating shows that payments on the rated instrument have risks other than credit risk: some of the fund's investments will be in equity-linked debentures. The rating is not an opinion on IPAMCL's willingness or ability to make timely payments to investors.
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