Question
Consider the following statements about Credit Rating
Agencies (CRAs) in India: Â Â 1. CRISIL Ltd. is primarily promoted by Standard & Poor's. Â Â 2. ICRA Limited is majorly held by Moody's. Â Â 3. Brickwork Ratings is predominantly owned by Vivek Kulkarni. Â Â 4. CARE Ratings Ltd. is majorly promoted by SIDBI. Which of the above statements is correct?Solution
CARE Ratings Ltd. is primarily promoted by LIC and PSU Banks, not SIDBI.
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