CRISIL (Credit Rating Information Services of India Limited): The largest credit rating agency in India, CRISIL provides ratings, research, and risk advisory services. It is widely recognized for its rigorous credit assessment processes across various sectors, including corporates, banks, and government entities.
ICRA Limited (Investment Information and Credit Rating Agency of India): A leading Indian credit rating agency and an associate of Moody’s Investors Service, ICRA provides credit ratings, research, and information services for corporates, financial institutions, and structured finance products.
CARE Ratings (Credit Analysis & Research Limited): One of India’s prominent credit rating agencies, CARE Ratings offers a wide range of credit ratings and research services, including ratings for corporates, banks, financial instruments, and public sector enterprises.
India Ratings and Research (Fitch Group): Part of the Fitch Group, India Ratings and Research provides credit ratings, research, and risk analysis services for corporates, financial institutions, and sovereign entities in India, offering insights into the country’s financial markets.
Brickwork Ratings: A domestic credit rating agency that provides ratings for bank loans, bonds, and structured finance products. Brickwork Ratings is recognized for its deep industry expertise and robust credit analysis methodologies.
SMERA Ratings (SME Rating Agency of India): Now known as Acuité Ratings & Research, SMERA specializes in ratings and research for small and medium enterprises (SMEs), as well as larger corporates and financial institutions. It plays a crucial role in assessing the credit risk of India’s SME sector.
ONICRA Credit Rating Agency: ONICRA provides credit ratings and financial assessments for a diverse range of entities, including corporates, SMEs, and individuals. The agency is known for its detailed credit evaluations that help in risk management and decision-making.
Infomerics Valuation and Rating: A credit rating and financial research agency that offers ratings for corporates, financial institutions, and infrastructure projects. Infomerics focuses on transparency and objectivity in its credit assessments, contributing to market stability.
CARE Advisory Research and Training Limited (CART): A subsidiary of CARE Ratings, CART provides advisory services, training, and research in addition to credit ratings, supporting businesses in managing credit risk and making informed financial decisions.
Moody’s Investors Service: A global credit rating agency with a presence in India through its joint venture with ICRA, Moody’s provides credit ratings, research, and risk analysis for a broad range of debt instruments and financial entities, influencing both domestic and international investors.
Standard & Poor’s (S&P) Global Ratings: A major global credit rating agency, S&P Global Ratings offers credit ratings and research for sovereign entities, corporates, and financial institutions in India, playing a critical role in the country’s financial markets.
Fitch Ratings: Part of the Fitch Group, Fitch Ratings provides credit ratings for sovereigns, corporates, banks, and financial institutions in India. Fitch is known for its in-depth analysis and independent credit risk assessments, which are essential for global investors.
