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    Credit Rating Agencies In India
    Credit Rating Agencies In India
    Credit Rating Agencies In India
    Ebook34 pages18 minutes

    Credit Rating Agencies In India

    By Suresh Sachdeva

    ()

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    About this ebook

    In India credit rating agencies showed their presence for the first time only in late 1980's when the first credit rating agency was established namely the credit rating information services (CRISIL) Ltd. in 1987.
    LanguageEnglish
    PublisherLulu.com
    Release dateJan 28, 2018
    ISBN9781387550326
    Credit Rating Agencies In India

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      Book preview

      Credit Rating Agencies In India - Suresh Sachdeva

      Credit Rating Agencies In India

      CREDIT RATING AGENCIES IN INDIA

      Introduction

      In India credit rating agencies showed their presence for the first time only in Jate 1980s when the first credit rating agency was established namely the Credit Rating Information Services of India (CRISIL) Ltd. in 1987. This was followed by the ICRA Ltd. i.e., Investment Information and Credit Rating Agency Ltd. in 1991. Credit Analysis and Research in Equities was formulated after this in 1993. CRISIL, ICRA and CARE together handle about 90-95% of the business of credit rating in India. Reforms in financial sector in India have enhanced the role of credit rating agencies to a great extent. The credit rating agencies in India are regulated by SEBI.

      Major Credit Rating Agencies in India

      In India there are three major credit rating agencies. All of them are promoted by the financial institutions. These credit rating agencies are :

      1. CRISIL (Credit Rating Information Services of India Ltd.)

      2. ICRA (Investment Information and Credit Rating Agency of India Ltd.)

      3. CARE (Credit Analysis and Research in Equities)

      The working of credit rating agencies in India is independent, unbiased, consistent and continuous. CRISIL was promoted by Industrial Credit and Investment Corporation of India Ltd. (ICICI) alongwith (UTI) Unit Trust of India Ltd. as a public limited company with its head office in Mumbai. ICRA was promoted by Industrial Finance Corporation of India.

      CRISIL

      CRISIL (Credit Rating Information Services of India Ltd.) was the first credit rating agency of India promoted by Industrial Credit and Investment Corporation of India Ltd. (ICICI) alongwith Unit

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