Category: Articles

Quick takeaway Credit ratings reduce information frictions, improve price discovery, expand investor reach and link regulatory capital to observable credit risk. When credible and well-governed,

Quick takeaway The COVID-19 pandemic triggered rapid, large-scale rating actions and tighter surveillance in 2020–21. In the medium term (2022–2025) emergency policy support, earnings recoveries

Introduction Credit ratings serve as the backbone of modern financial systems, influencing not only borrowers but also the lending institutions that extend credit to them.

Introduction In the modern financial system, credit ratings play a crucial role in assessing the creditworthiness of borrowers — from corporations to governments. However, their

Quick insight: While all credit ratings aim to measure the probability of timely debt repayment, the focus, methodology, and implications vary significantly across corporate, sovereign,

Quick takeaway: India’s credit-rating ecosystem is led by a mix of legacy giants and strong domestic players — CRISIL, CareEdge (formerly CARE), ICRA, India Ratings

Introduction In the global financial ecosystem, credit rating agencies (CRAs) act as critical intermediaries between borrowers and investors. They provide an independent assessment of an

Quick takeaway: Credit ratings are a cornerstone of the banking system — shaping how banks assess borrowers, determine loan pricing, manage risk, allocate capital, and

Quick takeaway: Since the SEBI (Credit Rating Agencies) Regulations of 1999, India’s regulatory framework for CRAs has evolved from a basic registration-and-conduct regime into a

In India’s rapidly evolving financial ecosystem, credit ratings serve as the foundation of trust and transparency. They provide investors, lenders, and regulators with a standardized