CRISIL Ratings is India's leading rating agency. We pioneered the concept of credit rating in India in 1987. With a tradition of independence, analytical rigour and innovation, we have a leadership position. We have rated over 60,000 entities, by far the largest number in India.
We are a full-service rating agency. We rate the entire range of debt instruments: bank loans, certificates of deposit, commercial paper, non-convertible debentures, bank hybrid capital instruments, asset-backed securities, mortgage-backed securities, perpetual bonds, and partial guarantees.
CRISIL sets the standards in every aspect of the credit rating business.
We have instituted several innovations in India including rating municipal bonds, partially guaranteed instruments and microfinance institutions.
We pioneered a globally unique and affordable rating service for Small and Medium Enterprises (SMEs).This has significantly expanded the market for ratings and is improving SMEs' access to affordable finance.
CRISIL Ratings serves lenders, investors, issuers, market intermediaries and regulators by improving information availability and providing benchmarks. We rate most of India's largest companies and several of the smallest.
We have rated 15,000 large and mid-corporates and financial institutions, and over 45,000 small and medium enterprises across 190 industry sectors. Our ratings cover manufacturing companies, banks, non-banking finance companies, public sector undertakings, financial institutions, state governments, urban local bodies, mutual funds.
CRISIL's ratings assist issuers and borrowers in enhancing their access to funding, widening the range of funding alternatives, and optimising the cost of funds.
Investors and lenders use our ratings to supplement their internal evaluation process and to benchmark credit quality across investment options.
For the markets at large, our ratings act as a market benchmark for pricing and trading of debt instruments.
We help regulators in measurement and management of credit risks at a systemic level. CRISIL's ratings are used in the computation of capital adequacy in the banking sector. Our ratings are also used to determine the eligible investment pool for insurance companies, pension funds, and provident funds.