1 Answers

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.
7 views

Related Questions