Credit Rating Agencies Flashcards
Tell about CRISIL
It stands for Credit Rating information Services of India ltd and is the first credit rating agency set up in
India in 1987.Currently headquartered in Mumbai, it not provides ratings to the agencies but also provides policy advisory services to the clients. Majority
of its shareholders held by Standard’s and Poor’s, which is one of the biggest credit rating agencies of the world.
Besides India, it has expanded its operations to US, Poland, Argentina;Hong Kong, China, Singapore etc.
Brief on ICRA
It was set up in 1991 as Investment Information and Credit Rating Agency. However, it was renamed as ICRA ltd and was listed in the Bombay Stock Exchange and
National Stock Exchange in 2007.Currently its headquarters are in Gurugram, Haryana. It caters to
domestic organizations only with a prime focus on ratings of MSMEs and does not have any global presence.
What you know abt care
It was established in 1993 as Credit Analysis and Research ltd. Headquartered in Mumbai, it is the
second largest credit rating agency of India. It gives rating to debt instruments,claim paying ability of insurance companies, corporate governance etc.
What is SMERA
Founded in 2005, SMERA stands for Small and medium enterprises rating agency of India. It works exclusively for the Micro, Small and Medium Enterprises and has more than 350000 enterprises under it
What is ONICRA
Onicra credit rating agency of India ltd is a private rating agency headquartered in Gurugram, Haryana. It was established in 1993 and provides
credit ratings, risk assessment and other support services to corporate, MSMEs etc
What is Fitch India
Headquartered in Mumbai, it is a major financial information service provider and rating agency having a global presence in more than 30 countries. It is 100% owned subsidiary of Fitch India.
What is Standard & Poor’s
It is the oldest credit rating agency of the world which started its operations in 1860 by Henry Poor.The ‘standard’ part was set up in 1906 and both the organizations were merged in 1940s and came to be called as Standard & Poor. Today it stands as the biggest rating agency with headquarters at New York. It rates borrowers on a scale from AAA to D, with AAA being the highest rating and D being the lowest.
What is Moody’s
It was founded in 1909 by John Moody to produce manual of statistics related to bonds and stocks. It
is only in 1975 that it was identified as Nationally Recognized Statistical Rating Organization by US. It rates debt securities which includes government or
corporate bonds and does research in risk management. The securities are assigned the rating from Aaa to C with Aaa being the highest quality and C of the lowest quality.
WHat is Fitch
It was founded by John Knowles Fitch in 1914 as the Fitch Publishing company. It got identified as Nationally
Recognized Statistical Rating Organization in 1975 by US. It has dual headquarters at New York as well as UK
(London)Jt is the smallest among big three credit rating agencies and covers more limited market.
Which are called BIg
S&P,Moody,Fitch
