BANKING AFFAIRS

Detailed explanation-1: -Ind-Ra bases its ratings analysis and rating decisions, which are the agency’s opinions, upon established criteria, methodologies and ratings definitions, and applies them in a consistent manner.

Detailed explanation-2: -India Ratings & Research (Ind-Ra) Rating Scales (i.e. Symbols and Definitions) Understanding Credit Ratings-Limitations and Usage.

Detailed explanation-3: -In 2022, India Ratings and Research (Ind-Ra) rated/reviewed 293 issuers with listed debt securities as per the surveillance cycle in 2022.

Detailed explanation-4: -The top firms include Moody’s Investor Services, Standard and Poor’s (S&P), and Fitch Group.

Detailed explanation-5: -A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor’s ability to pay back debt by making timely principal and interest payments and the likelihood of default.