What is the role of credit rating agencies in India?

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Credit rating agencies (CRAs) evaluate companies' creditworthiness based on their income, credit history, and financial obligations.

They also research the economy, including industries and companies. CRAs provide investors with essential information on issuers' creditworthiness and their debt. The CRAs use letter codes and symbols to classify entities and instruments, where a higher rating indicates a more attractive investment opportunity.

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Topic: NCD Credit Rating Feedback

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