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    Credit Rating Agencies in India

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    Nishvath Ashraf
    There are currently 5 credit rating agencies in India: CRISIL, IICRA, CARE, DCR, and ONICRA. CRISIL was the first agency, founded jointly by ICICI and UTI in 1988 to rate debt obligations of Indian companies and guide investors about risk. IICRA was established in 1991 by IFCI. CARE was promoted in 1993 jointly with investment companies, banks and finance companies to provide credit ratings and other services. DCR is a joint venture between Duff & Phelps and Indian companies that provides credit ratings for debt instruments. ONICRA focuses on rating individual borrowers and was sponsored by Onida Finance Ltd.

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    Credit Rating Agencies in India

    Uploaded by

    Nishvath Ashraf
    23 views9 pages
    There are currently 5 credit rating agencies in India: CRISIL, IICRA, CARE, DCR, and ONICRA. CRISIL was the first agency, founded jointly by ICICI and UTI in 1988 to rate debt obligations of Indian companies and guide investors about risk. IICRA was established in 1991 by IFCI. CARE was promoted in 1993 jointly with investment companies, banks and finance companies to provide credit ratings and other services. DCR is a joint venture between Duff & Phelps and Indian companies that provides credit ratings for debt instruments. ONICRA focuses on rating individual borrowers and was sponsored by Onida Finance Ltd.

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    There are currently 5 credit rating agencies in India: CRISIL, IICRA, CARE, DCR, and ONICRA. CRISIL was the first agency, founded jointly by ICICI and UTI in 1988 to rate debt obligations of Indian companies and guide investors about risk. IICRA was established in 1991 by IFCI. CARE was promoted in 1993 jointly with investment companies, banks and finance companies to provide credit ratings and other services. DCR is a joint venture between Duff & Phelps and Indian companies that provides credit ratings for debt instruments. ONICRA focuses on rating individual borrowers and was sponsored by Onida Finance Ltd.

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    23 views9 pages

    Credit Rating Agencies in India

    Uploaded by

    Nishvath Ashraf
    There are currently 5 credit rating agencies in India: CRISIL, IICRA, CARE, DCR, and ONICRA. CRISIL was the first agency, founded jointly by ICICI and UTI in 1988 to rate debt obligations of Indian companies and guide investors about risk. IICRA was established in 1991 by IFCI. CARE was promoted in 1993 jointly with investment companies, banks and finance companies to provide credit ratings and other services. DCR is a joint venture between Duff & Phelps and Indian companies that provides credit ratings for debt instruments. ONICRA focuses on rating individual borrowers and was sponsored by Onida Finance Ltd.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    CREDIT RATING AGENCIES IN INDIA

    Nishvath and Shibi

    Credit Rating Agencies In India


    Currently there are 5 credit rating agencies in India: 1. Credit Rating Information Service Ltd. (CRISIL) 2. Investment Information and Credit Rating Agency of India (IICRA). 3. Credit Analysis and Research. (CARE) 4. Duff Phelps Credit Rating Pvt Ltd (DCR) 5. Onida Individual Credit Rating Agency Ltd. (ONICRA)

    CRISIL
    Credit Rating Information Services Ltd (CRISIL) the first credit rating agency was floated on january 1 , 1998. It was started jointly by ICICI and UTI with an equity capital of 4 crore;s.
    The principal objective of CRISIL is to rate the debt obligations of Indian Companies. It rating guides investors about the risk of timely payment of interest and principal on a particular debt instrument.

    Objectives of CRISIL
    To assist both individual and institutional
    investors in making invst decisions in fixed income securities. To enable corporate to raise large amounts at fair cost from a wide spectrum of investors. To enable intermediaries in placing their debt instruments with investors by providing them with an effective marketing tool.

    Rating Methodology Of CRISIL The methodology involves an analysis of the past performance of the company and assessment of its prospectus.

    IICRA
    The IICRA was set up by Industrial Finance Corporation of India in 6 january 1991. It is a public ltd company with an authorised capital of Rs. 101 crors.

    CARE
    The CARE was promoted in 1993 jointly with invst companies, banks and finance companies. Service offered by CARE are Credit rating Information Service Equity Research Rating of paralled market of LPG and kerosene

    Duff and Phelps credit Rating India pvt Ltd. (DCR)


    It is a leading international credit rating agency. The JM Financial and Alliance Group in joint venture with duff and phelps has now set up DCR in India. Its main objective is to give credit rating to debt instruments. On special request it may request it may undertake rating of companies and countries as well.

    Onida Individual Credit Rating Agency Ltd. (ONICRA)


    It is taken up the individual borrowers. It has been sponsored by the Onida Finance Ltd.

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