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Option 2 : 2 and 3 only
The correct answer is 2 and 3 only.
Credit Rating Agencies (CRA)
- It analyzes a debtor’s ability to repay the debt and also rates its credit risk.
- All the credit rating agencies in India are regulated by SEBI (Credit Rating Agencies) Regulations, 1999 of the Securities and Exchange Board of India Act, 1992. Hence, Statement 1 is not correct.
- There are a total of six credit agencies in India viz, CRISIL, CARE, ICRA, SMREA, Brickwork Rating, and India Rating and Research Pvt. Ltd.
- ICRA Limited It is a public limited company that was set up in 1991 in Gurugram. Hence, Statement 2 is correct.
- The company was formerly known as Investment Information and Credit Rating Agency of India Limited.
Brickwork Ratings
- It is recognized as an external credit assessment agency (ECAI) by the Reserve Bank of India (RBI) to carry out credit ratings in India. Hence, Statement 3 is correct.
- Brickwork Rating was established in 2007 and is promoted by Canara Bank. It offers ratings for bank loans, SMEs, corporate governance ratings, municipal corporations, capital market instruments, and financial institutions.
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