ICRA is among the largest credit rating agencies in India, which analyzes the financial strength of firms and financial institutions in order to assess their creditworthiness. The core aim of ICRA is to determine whether an issuer has sufficient resources to fulfill its liabilities on time.<\/p>\n\n\n\n
Put simply, ICRA can be considered an independent body analyzing the state of finance of the borrower and awarding it a rating depending on the level of risk. Such ratings can help potential investors to estimate the probability of timely repayment of their money.<\/p>\n\n\n\n
ICRA ratings are now widely applied in connection with various types of financial assets, ranging from corporate bonds<\/a> and NCDs (non-convertible debentures) to fixed deposits, commercial papers, and bank loans. Financial institutions, mutual funds, banks, and individual investors use such ratings when making their investments.<\/p>\n\n\n\n