BANKING GENERAL KNOWLEDGE
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Detailed explanation-1: -There are a total of seven credit agencies in India viz, CRISIL, CARE, ICRA, SMREA, Brickwork Rating, India Rating and Research Pvt. Ltd and Infomerics Valuation and Rating Private Limited.
Detailed explanation-2: -The top firms include Moody’s Investor Services, Standard and Poor’s (S&P), and Fitch Group.
Detailed explanation-3: -Equifax, TransUnion CIBIL, Experian, and CRIF Highmark are the four credit bureaus that compute credit scores in India.
Detailed explanation-4: -The Big Three Agencies The global credit rating industry is highly concentrated, with three agencies-Moody’s, Standard & Poor’s, and Fitch-controlling nearly the entire market.
Detailed explanation-5: -1. Credit Rating Information Services of India Limited (CRISIL) CRISIL is one of the oldest credit rating agencies in India. It was launched in the country in 1987 following which the company went public in 1993.