TOP CREDIT RATING AGENCIES IN INDIA
Bigger the industry or company, the more it needs loans from market. Whenever a company needs loans it needs to have something promising so that creditor provides the loan. A credit rating agency is hired by a company whenever they wish to take some loan to access the risk associated with the loan to be provided and evaluates the debtor’s capacity to pay back the loan in time. They also provide mutual consulting services. In India it was only in 20th century when credit rating agencies started establishing.
Top 10 credit rating agencies in India are:
Equifax was incorporated in 1899 in United States but was registered in India in 2010. Manish Sinha is the India Country Leader of Equifax. It has four kinds of information base with it currently, Equifax Alerts. Enhanced Consumer Information Reports, Basic Consumer Information Reports, Microfinance Institution Credit Information Report .
For more information log on to www.equifax.co.in
2. Fitch Ratings India Private Ltd.
It was established in 1913, to provide financial information services in New York it today has offices in thirty countries. It is named after its founder John Knowles Fitch
For more information log on www.fitchratings.com
Credit Rating Information Services of India Limited (CRISIL) headquartered at Mumbai is the largest credit rating agency in India. Founded in 1987, it today has a market greater than sixty percent.
For more information log on to www.crisil.com
4. ICRA Limited
Investment Information and Credit Rating Agency (ICRA) Limited is a public limited company that was established in 1991. Mr. Piyush G. Mankad is its present CEO
For more information log on to www.icra.in
Onida Individual Credit Rating Agency (ONICRA) is a leading credit and performance rating agency. In India that was established in 1993. Its corporate office is in Gurgaon. It has its offices at 125 locations in India.
For more information log on to www.onicra.com
Credit Analysis & Research Ltd. (CARE) was founded in 1993. It was mainly promoted by the Industrial Development Bank of India promoted CARE. It is the second largest credit rating agencies in India as far as Indian.
For more information log on to www.careratings.com
Credit Information Bureau India Limited (CIBIL) was established in 2000 with the motto of “Empowering you”. It has its headquarters in Mumbai. Satish Pillai is its present CEO
For more information log on to www.cibil.com
8. High Mark Credit Information Services
High Mark Credit Information Services was instituted in 2005. Its headquarters are in Mumbai. Kalpana Pandey is the present CEO.
For more information log on to www.highmark.in
SME Rating Agency of India Ltd. (SMERA) was incorporated in 2005 with its head office in Bangalore.
For more information log on to www.smera.in
10. Brickwork Ratings India Private Ltd
It was established in 2007 Sangeeta Kulkarni. Till date Brickwork Ratings India Private Ltd has rated Rs 200,000 crores of bank loans and bonds. It is emerging as the largest credit rating agency
For more information log on to www.brickworkratings.com