FinTech
Can a new rating agency be a substitute for reforms?
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Synopsis
India’s credit rating agency landscape is anything but sparse. With CRISIL, ICRA, CARE, India Ratings, Acuité, and Brickwork Ratings dominating corporate- and structured-debt assessments, the issue has never been the number of agencies; it is the crisis of credibility.
A new name is about to join India’s already-crowded universe of credit rating agencies (CRAs). The latest entrant, approved by Sebi (Securities and Exchange Board of India), comes with an interesting lineage: its promoters, board include a former public…
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