CREDIT RATING AND CREDIT SCORING
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is credit rating?
Credit rating is an independent assessment of the creditworthiness of a borrower or a debt instrument, expressed as a symbol or grade, indicating the likelihood of timely repayment of principal and interest.
What is the full form of SMERA in credit rating?
SME Rating Agency of India Limited
Which are the major credit rating agencies in India?
The major credit rating agencies in India are CRISIL, ICRA, CARE, India Ratings and Research (Fitch), Brickwork Ratings, and SMERA (now Acuite Ratings).
Which credit rating symbol denotes the highest safety for long-term debt instruments in India?
AAA (Triple A) denotes highest safety
What does CRISIL stand for?
CRISIL stands for Credit Rating Information Services of India Limited, and it was the first credit rating agency established in India in 1987.
What is the minimum CIBIL score generally considered for loan approval by banks?
700 or above is generally acceptable
What does ICRA stand for?
ICRA stands for Investment Information and Credit Rating Agency of India Limited, incorporated in 1991 and promoted by IFCI.
What is the full form of FITCH in the context of international credit rating?
Fitch Ratings is the full name used
Video classes for this chapter
More chapters in Module D - Financial Products and Services
Master the full IEIFS syllabus
Every chapter of Indian Economy and Indian Financial System — videos, tests, notes and one-liner decks in one place.