Saturday, 25 February 2017

Credit rating agencies:Short notes on CARE and ONICRA

Credit Analysis & Research Ltd. (CARE)
  • The next credit rating agency to be set up was CARE in 1993.
  • It is the second-largest credit rating agency in India.
  • It has its head office in Mumbai.
  • CARE Ratings is one of the 5 partners of an international rating agency called ARC Ratings.
ONICRA
  • It is a private sector agency set up by Onida Finance.
  • It has its head office in Gurgaon.
  • It provides ratings, risk assessment and analytical solutions to Individuals, MSMEs and Corporates.
  • It is one of only 7 agencies licensed by NSIC (National Small Industries Corporation) to rate SMEs.
  • They have Pan India Presence with offices over 125 locations.

No comments:

Post a Comment