Q. With reference to the credit rating agencies, consider the following statements: - CARE Ratings is the first credit rating agency in India.
- CRISIL was established in 1987 and is a subsidiary of S&P Global.
- ICRA is an affiliate of Moody's Investors Service.
How many of the above statements are correct?
Answer:
All three
Notes: - CARE Ratings is the first credit rating agency in India: This is correct. It was established in 1999 and is one of the leading agencies in India.
- CRISIL was established in 1987 and is a subsidiary of S&P Global: This is correct. CRISIL provides ratings, research, and risk, and policy advisory services.
- ICRA is an affiliate of Moody's Investors Service: This is correct. ICRA provides credit ratings, research, and risk analysis services in India.
Thus, all three statements are correct.