CRISIL
provides rating and risk assessment services to
manufacturing
companies,
banks,
non-banking
financial companies,
financial
institutions,
housing
finance companies,
municipal
bodies and
companies
in the infrastructure sector.
CRISIL's comprehensive offerings include ratings for long-term instruments such as debentures/bonds and preference shares, structured obligations (including asset-backed securities) and fixed deposits; it also rates short-term instruments such as commercial paper programmes and short-term deposits. As part of bank loan ratings, CRISIL also rates credit facilities extended to borrowers by banks. In addition, CRISIL undertakes credit assessments of various entities including state governments. CRISIL also assigns financial strength ratings to insurance companies.
CRISIL through the years has continued to innovate and
play the role of a pioneer in the development of the
Indian debt market. CRISIL has pioneered the rating
of subsidiaries and joint ventures of multinationals
in India and has rated several multinational entities,
both start-up entities as well as players with a well
established track record in India. Over the years, CRISIL
has also developed several structured ratings for multinational
entities based on Guarantees
from the parent as well as Standby Letter of Credit
arrangements from bankers. The rating agency has also
developed a methodology for credit enhancement of corporate
borrowing programmes through the use of partial guarantees.
In essence, CRISIL is uniquely placed in its experience
in understanding the extent of credit enhancement arising
out of such structures.
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