• Pavneet Kaur

Credit rating agencies (CRAs) plays a crucial role in financial markets for lenders, investors and issuers in reducing information asymmetry between different parties. Credit rating helps us to know about the credit capability of individuals in a country. When all the investors are positively rated, then there will be an increase in new start-ups. Gradually income of the country increases, Employment opportunities expands and Poverty ranks less. When there is development in all the sectors then the GDP increases and country develops. Analytical research as well as descriptive type of research is used for the study. Secondary as well as primary data has been gathered for the study. Banks helps in knowing the investment status of the country. The credit rating has been a long established part of the financial mechanism abroad. Credit rating agency means a body corporate engaged in the business of rating of securities. Thus, services of Credit rating agen¬cies to the investors play a major role in evaluating risk and return of the investment in taking the decisions. It is very much essential to understand the credit rat¬ing agencies methodology process and rating symbols adopted and overall services. This paper emphasizes on functioning of all the rating agencies, methodology, process, sym¬bols and services of CRISIL (Credit rating information service Ltd.), ICRA (Investment information and credit rating agencies), CARE (Credit Analysis and Research Limited), and Fitch India Ltd. The rating agencies in In¬dia need to evolve their own methodologies, process, and symbols within the context of macro-economic en¬vironment. The sources for the data are through the websites of the rating agencies, journals, newspapers and banks.

Credit rating, Credit rating agencies (CRA), Process, functioning, Methodology.

"EMPERICAL STUDY ON FUNCTIONING OF CREDIT RATING AGENCIES IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.401-406, June-2019, Available :http://www.jetir.org/papers/JETIR1906641.pdf

"EMPERICAL STUDY ON FUNCTIONING OF CREDIT RATING AGENCIES IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp401-406, June-2019, Available at : http://www.jetir.org/papers/JETIR1906641.pdf