Can a new rating agency be a substitute for reforms?

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Synopsis

India’s credit rating agency landscape is anything but sparse. With CRISIL, ICRA, CARE, India Ratings, Acuité, and Brickwork Ratings dominating corporate- and structured-debt assessments, the issue has never been the number of agencies; it is the crisis of credibility.

A new name is about to join India’s already-crowded universe of credit rating agencies (CRAs). The latest entrant, approved by Sebi (Securities and Exchange Board of India), comes with an interesting lineage: its promoters, board include a former public…



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Can a new rating agency be a substitute for reforms?


image credit: iStock

Synopsis

India’s credit rating agency landscape is anything but sparse. With CRISIL, ICRA, CARE, India Ratings, Acuité, and Brickwork Ratings dominating corporate- and structured-debt assessments, the issue has never been the number of agencies; it is the crisis of credibility.

A new name is about to join India’s already-crowded universe of credit rating agencies (CRAs). The latest entrant, approved by Sebi (Securities and Exchange Board of India), comes with an interesting lineage: its promoters, board include a former public…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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