Explain the concept of CRISIL

CRISIL [Credit Rating & Information Service of India Ltd]-

It is the first rating agency to be set up under mutual agreement established by ICICI & UTI in 1988

CRISIL provides

• Shape public policy
• provide credit rating in respect of
• Rating of corporate debt insurance
• Rating of micro finance institution
• To provide corporate as well as market advisory to corporate and non-corporate clients. The CRISIL undertake their work in government rate state like Gujarat, Maharashtra, Karnataka, and Andhra-Pradesh.

The CRISIL Ltd is the world’s 4^th largest rating agency.