Question
How many registeredĀ credit Rating agencies are there in
India?Solution
In India, the Securities and Exchange Board of India Act, 1992 regulates all credit rating firms under the SEBI (Credit Rating Agencies) Regulations, 1999. To sum it up, there are seven credit rating agencies in India. They are CRISIL; CARE; ICRA; SMREA; Brickwork Rating; India Rating and Research Pvt. In October 2022, RBI dropped Brickwork Ratings India Private Limited from the list of accredited rating agencies after SEBI cancelled the licence.
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