
Overview
ICRA is the Indian affiliate of Moody’s. ICRA operates under the issuer-pays model and covers all market segments in India.
ICRA is registered as CRA with SEBI and is recognized ECAI by the Reserve Bank of India.
Business model: ICRA operates under the issuer-pays model. ICRA has subsidiaries in Sri Lanka, Indonesia and Nepal.
Coverage: ICRA covers Corporates, SMEs, banks, insurances, project finance and infrastructure finance, municipal finance and structured finance. For the period October 2013 to March 2014, ICRA reports having assigned 1959 new ratings.
Availability of ratings and reports at website: the list of current ratings is available here: http://icra.in/CurrentRating.aspx. When selecting a rated entity, links to recent press releases are usually available.