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Which credit rating agency is a subsidiary of the Fitch Group, a major financial information service provider and rating agency?
  • a)
    CRISIL
  • b)
    CARE
  • c)
    ICRA
  • d)
    Fitch India
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which credit rating agency is a subsidiary of the Fitch Group, a major...
Fitch India, also known as India Ratings and Research (Ind-Ra), is a subsidiary of the Fitch Group, a major financial information service provider and rating agency. The Fitch Group operates in over 30 countries and is known for its expertise in credit ratings and research. Ind-Ra, as a subsidiary of the Fitch Group, benefits from its global network and resources. Ind-Ra provides credit opinions, research, and ratings for various entities, including corporate issuers, financial institutions, banks, insurance companies, urban local bodies, structured finance, and project finance. Ind-Ra is recognized by regulatory authorities such as the Securities and Exchange Board of India, the National Housing Bank, and the Reserve Bank of India. Its affiliation with the Fitch Group enhances its credibility and global reach.
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