CARE Ratings and ICRA are two leading rating companies in India. Here is how they compare with each other
Last updated: 08-Jul-2024•Value Research
CARE Ratings Incorporated in 1993, Credit Analysis and Research (CARE) is the second largest rating agency in India. LIC and CRISIL are its two large shareholders. The company specialises in high-margin rating business, which contributed more than 96 per cent to its revenues in FY18. Based on FY18 industry revenues, CARE had a market share of 31 per cent in the rating business. I
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