CARE Ratings Quiz: Think You Know Ratings?

CARE Ratings was established with a clear focus on providing credible and independent credit opinions to the Indian market. Its full name describes what it does at a fundamental level: studying debt instruments and the entities behind them to generate informed, research-backed assessments for lenders, investors and market participants.

CARE Ratings was set up during a formative phase for India's capital markets when demand for formal credit assessment was growing rapidly. Its establishment came after key regulatory and economic reforms that created a more open environment for debt financing and independent credit opinions across different sectors of the country.

CARE Ratings uses a structured long-term scale where each level reflects a different degree of credit risk. The top of this scale is reserved for instruments where the likelihood of timely repayment is considered extremely strong. Receiving this top rating is widely regarded as a mark of exceptional financial strength.

CARE Ratings expanded beyond India to tap into growing demand for credit rating services in other emerging markets. Its African venture was established to serve local and regional issuers seeking formal credit opinions. The country chosen for this expansion is widely recognised as a key financial hub within its region.

CARE Ratings chose to base its corporate headquarters in a city that has long been India's financial and commercial nerve centre. This location places it close to major stock exchanges, banking institutions and a large base of corporate debt issuers, making it well-positioned to serve India's active capital markets.