Question
Which is the parent company of CRISIL (Credit Rating
Information Services of India Limited), an Indian analytical company providing ratings, research, and advisory services?Solution
CRISIL, formerly Credit Rating Information Services of India Limited, is an Indian analytical company providing ratings, research, and risk and policy advisory services and is a subsidiary of American company S&P Global. CRISIL, was the first credit rating agency in India, introduced in 1988 by the ICICI and UTI jointly with share capital coming from SBI, LIC and United India Insurance Company. In April 2005, US based credit rating agency S&P acquired the majority shares of company.
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