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Below is article related "ICRA" - one of the credit rating agency of India.
Investment Information and Credit Rating Agency of India Ltd. Now it is known as ICRA Limited.
According to ICRA, “Ratings are opinions on the relative capability of timely servicing of corporate debt and obligations. These are not recommendations to buy or sell … neither the accuracy nor the completeness of the information is guaranteed.”
ICRA was set up by Industrial Finance Corporation of India on 16th January, 1991. It is a public limited company with an authorized share capital of 101 crores. The initial paid – off capital of Rs. 3.50 crores is subscribed by IFCI, UTI, LIC, GIC, SBI and 17 other banks. ICRA started its operation from 15thMarch, 1991. Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). Read more...
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