Credit Rating Agency in India and World

Credit Rating Agency in India
Credit Rating Agency in India

Credit Rating Agency  in India and World

A credit rating agency (CRA) is a company that rates debtors on the basis of their ability to pay back their interests and loan amount on time and the probability of them defaulting. 

As of now, there are six credit rating agencies registered under SEBI namely, CRISIL, ICRA, CARE, SMERA, Fitch India and Brickwork Ratings.

  • CRISIL : CRISIL stands for Credit Rating Information Services of India Limited was set up in India in 1987. CRISIL is headquartered in Mumbai.
  • CARE : CARE stands for Credit Analysis and Research limited was established in 1993. CARE has its headquarters in Mumbai and regional offices in New Delhi, Bangalore, Chennai, Hyderabad, Ahmedabad and Kolkata.
  • ICRA : Investment Information and Credit Rating Agency, the organisation was set up in 1991. ICRA headquartered in Gurugram, Haryana. 
  • SMERA : Small and Medium Enterprises Rating Agency of India was founded in 2005. The agency has its headquarters in Mumbai.
  • ONICRA : ONICRA Credit Rating Agency is the private rating agency established by Sonu Mirchandani under ONIDA Finance in 1993. It is headquartered in Gurugram, Haryana.
  • FITCH India : India Ratings and Research (Ind-Ra) is a credit rating agency that provides time-bound, accurate and prompt credit opinions. It is 100% owned subsidiary of the Fitch Group. Fitch‘s Ind-Ra is headquartered in Mumbai and has branch offices in Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad and Kolkata.
  • Brickwork Ratings : Brickwork Ratings India Private Ltd. operates as a credit rating agency. The agency has its headquarters in Bengaluru.

Credit Rating Agencies In The World

The United States
1. Egan-Jones Rating Company
2.  Fitch Ratings, Ltd.
3. Moody's Investors Service
4. Realpoint, LLC
5. Veribanc, Inc.

Canada
1. DBRS (Dominion Bond Rating Service) 

The United Kingdom
1. European Rating Agency (ERA)
2. Fitch Ratings, Ltd.

Colombia
1. BRC Investor Services S.A.

Turkey
1. TCR Kurumsal Yonetim ve Kredi Derecelendirme Hizmetleri A.S.
2. Istanbul International Rating Services, Inc.

Nigeria
1. Agusto & Co. Ltd.

Mexico
1. HR Ratings de Mexico, S.A. de C.V.
 
Ecuador
1. Bank Watch Ratings S.A.

Japan
1. Rating and Investment Information, Inc. (R&I)

Poland
1. Central European Rating Agency (CERA)

Peru
1. Apoyo & Asociados Internacionales S.A.C.
2. Class y Asociados S.A. Clasificadora de Riesgo
3. Equilibrium Clasificadora de Riesgo
4. Pacific Credit Rating (PCR)