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Which credit rating agency is recognized by the Securities and Exchange Board of India, the National Housing Bank, and the Reserve Bank of India?
  • a)
    CRISIL
  • b)
    CARE
  • c)
    ICRA
  • d)
    Fitch India
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which credit rating agency is recognized by the Securities and Exchang...
ICRA, which stands for Investment Information and Credit Rating Agency, is recognized by the Securities and Exchange Board of India (SEBI), the National Housing Bank, and the Reserve Bank of India. ICRA is an independent professional corporate investment information and credit rating and advisory agency. It provides credit ratings, performance ratings, and grading services for various entities, including corporate issuers, financial institutions, banks, insurance companies, urban local bodies, structured finance, and project finance. ICRA is headquartered in Gurugram, Haryana, and is listed on the Bombay Stock Exchange and the National Stock Exchange. Its recognition by regulatory authorities in India reflects its credibility and adherence to industry standards.
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