MCQ Test: Credit Rating Agencies - 2 - Assam Police Constable MCQ

SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India.

SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.
Its registration with SEBI, as a Credit Rating Agency and accreditation by RBI, in September 2012 as an external credit assessment institution (ECAI) to rate bank loan ratings under Basel II guidelines has paved way for SMERA to rate/grade various instruments such as -

• IPO
• NCDs
• Commercial Papers
• Bonds
• Security Receipts
• Fixed Deposits etc.

• ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency.
• It was established in 1991, and was originally named Investment Information and Credit Rating Agency of India Limited (IICRA India).
• It was a joint-venture between Moody's and various Indian commercial banks and financial services companies.
• The company changed its name to ICRA Limited, and went public on 13 April 2007, with a listing on the Bombay Stock Exchange and the National Stock Exchange.
• ICRA is second largest Indian rating company in term of customer base.

ICRA
Founded: 1991
Headquarters: Gurugram, Haryana
Current Head: Naresh Takkar (CEO)

• Credit Analysis & Research Limited (CARE) is located in Mumbai.
• CARE Ratings commenced operations in April 1993 and over nearly two decades; it has established itself as the second-largest credit rating agency in India.
• To enhance its scope of business CARE Ratings has been nurturing global opportunities and it has launched a new international credit rating agency ‘ARC Ratings’ with 4 partners from Brazil, Portugal, Malaysia and South Africa and established a subsidiary CARE Ratings (Africa) Private Limited (CRAF) in Mauritius.

CARE
Founded: 1993
Headquarter: Mumbai, India
Current Head: Mr. Rajesh Mokashi (MD & CEO)

Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) is a central online security interest registry of India.
It was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks.
The company incorporated with majority shareholding of the Central Government, Public Sector Banks and National Housing Bank for the purpose of operating a Registration System under the provisions of Chapter IV of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (SARFAESI Act).
CERSAI - Central Registry of Securitization Asset Reconstruction and Security Interest
Founded: 11 March, 2011
Headquarter: New Delhi, India
Current Head: Praveen Kumar Sharma (Central Registrar) (CR, MD & CEO)

• Onicra-leading Credit and Performance Rating agencies in India providing ratings, risk assessment and analytical solutions.
• Credit rating agency ONICRA was established in 1993.
• It is now Onicra Credit Rating Agency Of India Ltd.
• This is a private sector agency set up by Onida Finance.
• It has a niche market and provides assessment, grading and rating models for individuals & MSMES (micro, small and medium enterprises).

ONICRA
Founded: 1993
Headquarter: Gurugram, Haryana

• CRISIL’s majority shareholder is Standard & Poor's, a division of McGraw Hill Financial and provider of financial market intelligence.
• CRISIL (formerly Credit Rating Information Services of India Limited) is a global analytical company providing ratings, research, and risk and policy advisory services.

CRISIL
Founded: 1987
Headquarters: Mumbai, India
Current Head: Mr. Douglas Peterson (President), Ms. Ashu Suyash (MD & CEO)

Thomson Reuters is not a credit rating agency. It is a multinational media and information services company.

Credit rating agencies assess the creditworthiness of corporations and governments by assigning credit ratings to their debt securities.

DBRS Morningstar is a credit rating agency based in Canada that focuses on providing credit ratings for Canadian companies and government entities.