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ISSUER RATINGS
Background
ICRA has been providing investors with independent, professional and reliable rating opinions on debt instruments since 1991. Based on the feedback received from the market and to extend its Rating coverage to corporate entities who do not have firm or immediate debt issue plans, ICRA has launched the Issuer Rating services in India.
ICRA's Issuer Ratings provide an opinion on the general creditworthiness of the rated entities in relation to their senior unsecured obligations.ICRA offers its Credit Rating services to a wide range of issuers, including :
- Manufacturing companies
- Banks and financial institutions
- Housing Finance companies
- Infrastructure sector companies
- Service companies
- Municipal and other local bodies
- State governments
- Non-banking finance companies
The Benefits
For lenders/investors, ICRA issuer ratings would:
- Provide an objective, independent and reliable opinion on credit quality
- Facilitate an informed investment decision
- Assists in risk pricing and capital allocation
- Facilitate portfolio management and monitoring
For the rated entities, ICRA issuer ratings may help to:
- Improve the comfort level with prospective/existing lenders/investors
- Negotiate terms based on their inherent credit quality
- Reduce the time involved in loan approvals
- Access a broader investor base
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