CRISIL or Credit Rating And Information Services Of India Ltd, is the leading rating company in India. Besides, CRISIL also deals with matters related to risks and research. It also has the credit of being a reputed policy advisory company. A division of Mc Graw Hill companies, Standard & Poor's, is the major stake holder of CRISIL. CRISIL has played an important role in India's debt market. Besides, it also extends services to the international clients.
Services offered by CRISIL (both in the domestic market as well as international markets) include the following:
- Corporate advisory and infrastructure
- Risk Assessment
- Credit ratings
- Energy
- Fund services
- Risk management
- Conducting extensive research on Indian economy, companies, industries,
- Global Equity research
Facts about CRISIL:
- CRISIL has rated cumulative debt of approximately Rs.7.8 trillion.
- It has remained a leader in the Indian rating market by maintaining a 60% share.
- CRISIL is the foremost company in India to have rated state governments, banks and urban local agencies.
- Standard & Poor's, which is CRISIL's major share holder caters to risk evaluation, credit ratings, indices, provides data related to investment research.
- Ratings for Governance And Value creation was first launched by CRISIL.
- CRISIL was also the first company to rate securitization transactions, receivables from sales tax and receivables from personal loans.
CRISIL 's rating activities:
- Rating of bonds and debentures, which are long term instruments, structured obligations, preference shares are rated by CRISIL. It also rates fixed deposits. Short term instruments like short term deposits as well as programs related to commercial paper are also rated by CRISIL.
- With regard to ratings of bank loans, the facilities of credit offered to the customers are also rated by CRISIL.
- CRISIL has the credit of rating the state governments of Andhra Pradesh, Maharashtra, Karnataka and Gujarat.
- It has rated several joint ventures as well as subsidiaries of many multinational companies.
- CRISIL also rates real estate projects of several real estate companies. It works in association with the National Real Estate Development Council.
CRISIL and Mutual funds:
CRISIL Bond Valuer and CRISIL Gilt Valuer are important valuation instruments, which are regarded as industry standards and used by the various mutual funds. The usage of these valuation tools or instruments have been made obligatory as industry standards, by Association of Mutual Funds In India or AMFI.CRISIL has designed products for rating:
- Credit quality,
- Volatility,
- Fund Management Practices
