BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial Institutions
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NGOs
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NBFCs
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Credit Rating Agencies
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Detailed explanation-1: -ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency.
Detailed explanation-2: -CRISIL, India’s first credit rating agency, is incorporated on the 29th day of the month, promoted by the erstwhile ICICI Ltd along with UTI and other financial institutions.
Detailed explanation-3: -The global credit rating industry is highly concentrated, with three agencies: Moody’s, Standard & Poor’s, and Fitch.
Detailed explanation-4: -Standard & Poor’s is one of the largest credit rating agencies, assigning letter grades to companies and countries and the debt they issue on a scale of AAA to D, indicating their degree of investment risk. The popular S&P 500 Index is perhaps Standard & Poor’s best-known product.