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SSC CHSL 2020 PYQ — Question 39

SSC CHSL - 18th October 2020 - Shift 1 • General Awareness • Q39

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Which of the following is NOT a credit rating agency in India?

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Correct answer: A

Explanation

The correct answer is option 1 i.e RBI.

  • A credit rating agency (CRA) assesses an entity’s (group, company, government, etc.) creditworthiness in general terms or relating to a particular debt or financial obligation.
  • These agencies help lenders and investors determine the potential risk involved in lending money to a particular borrowing entity and gauge the entity’s repayment ability based on its past credit behaviour. 
  • There are seven credit rating agencies including CRISIL, ICRA, CARE, India Ratings and Research Pvt Ltd, Acuite Ratings & Research, Brickwork Ratings India Pvt. Ltd. and Infomerics Valuation and Rating Pvt. Ltd. that are authorised by SEBI to assess credit ratings.