CRISIL Full Form
What is the full form of CRISIL?
“Credit Rating Information Services of India Limited” is the full form of CRISIL. It is India’s first and most popular credit rating agency. This agency provides ratings, research and advisory services on risk and policy. It was established in 1987. The headquarters of CRISIL is in Mumbai. The majority of shares of CRISIL are held by S&P(Standard and Poor’s) Global Inc. CRISIL ratings range from AAA to SD where AAA being the highest and SD being the lowest for the selective asset class.
CRISIL serves commercial banks, consulting businesses, insurance companies, investment banks, asset management, etc. It also works with Government. It helps its clients in increasing the revenue of their products, services and pricing and decreases risk.
Functions of CRISIL:
It offers constructive solutions.
It provides comprehensive ratings.
It helps small businesses and lenders in taking the right decisions related to their businesses.
The agency performs financial research on a large scale before arriving at a comprehensive rating.
It believes in integrity, teamwork, excellence and accountability to provide moral ratings.
Frequently Asked Questions (FAQs)
CRISIL operates in eight countries including India, China, Hong Kong, Singapore, Argentina, Poland, the UK and the USA.
A ‘C’ rating is given where the instrument issued is highly risky and has a high probability of default.
Borrowers who make their payments timely get the highest rating(AAA) by CRISIL.
In 2010, real Estate Star Ratings were introduced by CRISIL.
CRISIL ratings help investors and lenders to find better investment options. CRISIL ratings act as a benchmark for trading and pricing.