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Credit Rating Agencies and Their Functions
1 — Credit Rating Agency / Year Established / Notes?
Credit Rating Agency: CRISIL Ratings Limited; Year Established: 1987; Notes: First Indian CRA; majority owned by S&P Global.
2 — Credit Rating Agency / Year Established / Notes?
Credit Rating Agency: ICRA Limited (Investment Information and Credit Rating Agency of India); Year Established: 1991; Notes: Associate of Moody's Investors Service.
3 — Credit Rating Agency / Year Established / Notes?
Credit Rating Agency: CARE Ratings Limited (Credit Analysis and Research); Year Established: 1993; Notes: Promoted by IDBI and other FIs.
4 — Credit Rating Agency / Year Established / Notes?
Credit Rating Agency: India Ratings and Research Pvt. Ltd.; Year Established: 1995; Notes: A 100% owned subsidiary of Fitch Group.
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