BANKING AFFAIRS

Detailed explanation-1: -The full form of CRISIL is Credit Rating Information Services of India Limited. CRISIL is an Indian consulting firm offering ratings, analysis, risk and policy advice and is a branch of S&P Global, an American corporation.

Detailed explanation-2: -CRISIL (formerly Credit Rating Information Services of India Limited) is an Indian analytical company providing ratings, research, and risk and policy advisory services and is a subsidiary of American company S&P Global.

Detailed explanation-3: -CRISIL A1. Securities with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such securities carry lowest credit risk. CRISIL A2. Securities with this rating are considered to have strong degree of safety regarding timely payment of financial obligations.

Detailed explanation-4: -It facilitates businesses to take up comprehensive and conclusive business and investment decisions. It additionally helps small lenders to take up the right lending calls and allow them to make correct business decisions. The agency performs extensive due diligence and financial analysis.

Detailed explanation-5: -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.