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.
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