Guys i heard LIC has got a AAA rating ? what is AAA rating?

Guys i heard LIC Life Insurance corporation of India has got a AAA rating ? what is AAA rating? ANSWER TO THE ABOVE QUESTION LIC has got a AAA rating for its housing finance scheem from Crisil. Crisil is a leading rating and risk research company for which rates banks,mutual funds,insurance companies etc on their ventures. AAA is the highest rating the Crisil awards. The ratin gives an indication to the perfomance and credibility of fund/insurance policy/bonds. For more information check the below link about crisil ratins. http://www.crisil.com/ratings/credit-ratings.html