Economy, asked by johnmohanta5608, 1 year ago

Explain about credit rating agencies in India and their role.

Answers

Answered by Shanayasharma2907

A credit rating agency is an association which consigns credit ratings to the debtors. It will predict the capability to repay debt timely. These rating agencies rate the large user such as government and companies. The credit rating differs from “AAA to D” that is rating description as “Prime Profit to Highly Risk”.

The main roles of the credit rating agencies are:

Providing ideas related with investment and risk

These agencies collect the data regarding the plan, analysis, interprets and provides the proper conclusion

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