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Unit 10: Credit Rating and Consumer Finance

CARE Ratings has completed over 5846 rating assignments having aggregate value of Notes
about ` 16,594 bn (as at March 31, 2009), since its inception in April 1993. CARE is recognised
by Securities and Exchange Board of India (Sebi), Government of India (GoI) and Reserve
Bank of India (RBI) etc.
CARE has seven offices in India located at - Mumbai, Delhi, Kolkata, Chennai, Hyderabad,
Bangalore and Ahmedabad.
The ratings division of CARE has over a decade long experience in rating debt instruments/
Enterprise ratings covering the full spectrum of Universe comprising:
(a) Industrial Companies
(b) Service companies
(c) Infrastructure companies

(d) Banks
(e) Financial Institutions (FIs)
(f) Non-Bank Finance companies (NBFCs)
(g) Public Sector Undertakings (PSUs)

(h) State Government Undertakings
(i) Municipal Corporations
(j) Structured Finance Transactions
(k) Securitisation Transactions

(l) SMEs
(m) SSI
(n) Micro Finance Institutions
In addition to debt ratings CARE Ratings has experience in providing the following
specialized grading/rating services:
(a) Corporate Governance ratings
(b) IPO grading

(c) Mutual Fund Credit quality Ratings
(d) Insurance Claims Paying Ability Ratings
(e) Issuer Ratings
(f) Grading of Construction entities

(g) Grading of Maritime training institutes
(h) LPG/SKO Ratings
CARE Ratings is well equipped to rate all types of debt instruments like Commercial
Paper, Fixed Deposit, Bonds, Debentures, Hybrid instruments, Structured Obligations,
Preference Shares, Loans, Asset Backed Securities (ABS), Residential Mortgage Backed
securities (RMBS) etc.
CARE Ratings has been recognized by statutory authorities and other agencies in India for
rating services. The authorities/agencies include: Securities and Exchange Board of India
(Sebi), Reserve Bank of India (RBI), Director General, Shipping and Ministry of Petroleum

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