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Multiple Choice Questions

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Indian Economic System(UPPCS) Financial System

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Which among the following is/are Indian credit rating agency/ agencies?

1. CRISIL

2. CARE

3. ICRA

Select the correct answer using the codes given below

1 and 2

2 and 3

1 and 3

1, 2 and 3

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Explanation:

All of the above are correct.

Indian credit rating industry mainly comprises of CRISIL, ICRA, CARE, ONICRA, FITCH & SMERA. CRISIL is the largest credit rating agency in India, with a market share of greater than 60%.

It is a full service rating agency offering its services in manufacturing, service, financial and SME sectors.

Credit rating is a highly concentrated industry, with the "Big Three" credit rating agencies controlling approximately 95% of the ratings business. Moody's Investors Service and Standard & Poor's (S&P) together control 80% of the global market, and Fitch Ratings controls a further 15%.