What is credit rating ? what are the basis of credit rating in india?
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hey
Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity.
Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity.
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Credit rating is an estimate of the ability of a person or an organization to fulfill their financial commitments .
Basis of credit rating in India :-
♥ There are six credit rating agencies registered under SEBI namely CRISIL , ICRA , CARE & SMERA .
♥ Ratings provided by these agencies determine the nature and integrals of the loan .
♥ Higher the credit rating, lower is the rate of interest offered to the organisation .
Hope it helps !!
Shreya ❤
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