BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the largest Credit Rating Agency in India?
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CRISIL
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ICRA
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CARE
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SMERA
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Explanation:
Detailed explanation-1: -CRISIL. This full-service rating agency is the major credit rating agency in India, with a market share of more than 60%.
Detailed explanation-2: -The global credit rating industry is highly concentrated, with three agencies: Moody’s, Standard & Poor’s, and Fitch.
Detailed explanation-3: -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-4: -There are definitive non-zero probabilities of default for any rating category including the highest, ‘CRISIL AAA’.
There is 1 question to complete.