Care, Acuité form AIRA to develop debt market
The Hindu
Two credit rating agencies (CRAs) have established ‘Association of Indian Rating Agencies’ (AIRA) as a not-for-profit company. AIRA is expected to work closely with the regulator and government for th
Two credit rating agencies (CRAs) have established ‘Association of Indian Rating Agencies’ (AIRA) as a not-for-profit company. AIRA is expected to work closely with the regulator and government for the development of debt market, according to the agencies. While Care Ratings Ltd. and Acuité Ratings & Research Ltd are the founding members, two more rating agencies are expected to join soon, officials of Care and Acuite said.
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