Triple-A Stock

Crisil is one of India’s leading credit rating agencies. It was the first company to commence credit rating operations in this country. The company has a market share of over 50 per cent and rates two-thirds of the bonds issued in India. It has also diversified into research and infrastructure risk and policy advisory services. Crisil is a subsidiary of Standard and Poor’s (S&P), the world’s foremost provider of credit ratings. Sources of moat Credit rating is an exclusive profession. In India rating agencies need to obtain a licence from SEBI to start operations. Since this licence is not easily granted, there exists a regulatory barrier for those wanting to enter