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Indian Tractor Industry – Monthly Update: February 2017        Indian Poultry Industry: Poultry industry profitability expected to improve sharply in FY2017 majorly benefitting from lower soymeal prices        Public Announcement for Buyback of Equity Shares        Aggressive bidding for Rewa Ultra Solar Project leads to a significant improvement in cost competitiveness of solar tariff; viability rests on long debt tenure, scale benefits and risk mitigation measures        Indian Retail Non-Banking Finance Market: Currency Crunch to impact near term business growth and asset quality of Retail NBFCs: H1FY2017 Performance Update and Industry Outlook        Delay in resumption of imports by Iran likely to hinder recovery in Basmati rice exports from India: ICRA        Indian Mortgage Finance Market Update for H1FY2017: Affordable housing segment to remain key growth driver; overall housing loan growth likely to witness near term moderation Performance Review of Housing Finance Companies and Industry Outlook        WPI inflation surges to higher-than-expected 5.2% in Jan 2017 led by commodity prices, unfavourable base effect        Report on Housing Finance Companies: Key financial and operational statistics of the housing finance companies extracted from ICRA’s databases, presented in a format convenient to read and understand        Indian Automobile Industry – Two Wheelers: Emerging Out Of Demonetization Woes: Monthly Update       
 
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Indian Poultry Industry: Poultry industry profitability expected to improve sharply in FY2017 majorly benefitting from lower soymeal prices
Indian Tractor Industry – Monthly Update: February 2017
Aggressive bidding for Rewa Ultra Solar Project leads to a significant improvement in cost competitiveness of solar tariff; viability rests on long debt tenure, scale benefits and risk mitigation measures
Indian Retail Non-Banking Finance Market: Currency Crunch to impact near term business growth and asset quality of Retail NBFCs: H1FY2017 Performance Update and Industry Outlook
More...
  Profile

 

ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency.

Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange.

Alliance with Moody’s Investors Service

The international Credit Rating Agency Moody’s Investors Service1 is ICRA’s largest shareholder. The participation of Moody’s is supported by a Technical Services Agreement, which entails Moody’s providing certain high-value technical services to ICRA. Specifically, the agreement is aimed at benefiting ICRA’s in-house research capabilities, and providing it with access to Moody’s global research base. The agreement also envisages Moody’s conducting regular training and business seminars for ICRA analysts on various subjects to help them better understand and manage concepts and issues relating to the development of the capital markets in India. Besides this formal training programme, the agreement provides for Moody’s advising ICRA on Rating-products strategy, and the Ratings business in general.

The ICRA Factor

Our services are designed to…

Provide information and guidance to institutional and individual investors/creditors;

Enhance the ability of borrowers/issuers to access the money market and the capital market for tapping a larger volume of resources from a wider range of the investing public;

Assist the regulators in promoting transparency in the financial markets; and

Provide intermediaries with a tool to improve efficiency in the funds raising process.


Range of Services 

Rating Services 

As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee-denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others. ICRA also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, Line of Credit Rating and Valuation of Principal Protected-Market Linked Debentures (PP-MLD). ICRA, along with National Small Industries Corporation Limited (NSIC), has launched a Performance and Credit Rating Scheme for Small-Scale Enterprises in India. The service is aimed at enabling Small and Medium Enterprises (SMEs) improve their access to institutional credit, increase their competitiveness, and raise their market standing.

Grading Services 

The Grading Services offered by ICRA employ pioneering concepts and methodologies, and include Grading of: Microfinance Institutions (MFIs); Construction Entities; Real Estate Developers and Projects; and Maritime Training Institutes.

In MFI Grading, the focus of ICRA’s grading exercise is on evaluating the candidate institution’s business and financial risks. The Grading of Construction Entities seeks to provide an independent opinion on the quality of performance of the entities graded. Similarly, the Grading of Real Estate Developers and Projects seeks to make property buyers aware of the risks associated with real estate projects, and with the developers’ ability to deliver in accordance with the terms agreed. In the education sector, ICRA offers the innovative service of Grading of Maritime Training Institutes in India. These apart, ICRA has been offering the services of Grading of Renewable Energy Service Companies (RESCOs) and System Integrators (SI); Grading of Management Education Institutes; Grading of Engineering Colleges/Universities; Grading of Fundamental Strength and Recovery Prospects; and Corporate Responsibility and Sustainable-Business Grading.

Industry Research

ICRA’s industry research service covers over 30 segments in the corporate and financial services sectors. Given ICRA’s strong analytical capabilities across industries, the research reports provide in-depth analysis of industry-specific issues, trends in demand-supply factors, the competitive landscape, and medium-to-long-term outlook. The research reports are tailored to meet the research requirements of a wide range of participants, including banks, mutual funds, insurance companies, venture funds and corporates.

Consulting Services

ICRA Management Consulting Services Limited (IMaCS), a wholly-owned subsidiary of ICRA Limited, is a multi-line management consulting firm with a global operating footprint. IMaCS’ consulting services span Public Policy, Strategy, Risk Management, and Transaction Advisory services.

Knowledge Process Outsourcing and Online Software 

ICRA Online Limited (ICRON) is a wholly-owned subsidiary of ICRA Limited. Encouraged by the emerging dynamics of the outsourcing business, ICRA diversified into the Knowledge Process Outsourcing business in April 2004, with focus on the Banking, Financial Services and Insurance (BFSI) vertical. Presently, ICRON has three lines of business (LoBs) offering data services, research and analytics to regional and global clients. ICRON works with banks, insurance companies, asset management companies and other financial institutions. Timely, accurate, and affordable solutions help partners achieve their business goals.