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credit rating agencies

credit rating agencies

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credit rating agencies

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  1. SMT. CHANDIBAI HIMATHMAL MANSUKHANI COLLEGE Class: S.Y.BFM Group: 4 Subject: Financial Services Semester: IV Date: 16th December,2011 Submitted to: Prof. GirishBhavnani

  2. Group Members Dimple Punjabi Roll No.01 SnehaRijhwani Roll No.02 HarshaMatta Roll No.10 YashodaGehani Roll No.11 DeepaSukhwani Roll No.09 SheetalLudhwani Roll No.40 AnishaVaswani Roll No.41 DhirtiMakhija Roll No.42

  3. CREDIT RATING AGENCIES

  4. INDIAN CREDIT RATING AGENCIES

  5. Credit Ratings Methodology Business Risk Profile Analysis Financial Risk Profile Analysis

  6. Country Risk • Validation of “Company • Position” • Trends • Quality of Earnings • & Analytical adjustments • Peer Group Comparisons • Political • Economic • Industry – Specific factors • Foreign exchange Industry Factors Profitability / Peer Group Comparisons Business Risk • Competitive Factors • Market position • Keys to Success • Size • Diversification • Management • Industry Trends • Industry Structure • Market Size • Growth Potential • Competition • Changing Technology Company Position

  7. Operating sources & uses • Of liquidity • Debt Characteristics • Bank credit facilities Accounting • Accounting Regime • Reporting & Disclosure • Analytical adjustments Financial Risk Governance Risk Liquidity / Short-term Factors • Ownership • Board of directors • Management practices • Financial Strategy • Risk Tolerance • Accounting Practices • Internal controls • Focus on debt • service capability • Analytical distinctions with • profitability • Cash flow measures / • ratios Cash Flow Adequacy

  8. CRISIL(CREDIT RATING AND INFORMATION SERVICES OF INDIA LTD.) • A global analytical company. • Incorporated in year 1987. • Provides ratings research and policy advisory services. • CRISIL is India's leading rating agency, and is the fourth largest in the world. • Offerings-real Timenews, Analysed data , incisive insights & opinions &expert advice. • So far CRISIL has 30000 debt instruments covering the entire debt market.

  9. DEBT OBLIGATIONS RATED BY CRISIL INCLUDE

  10. FUNCTIONS OF CRISIL

  11. CRISIL LONG TERM RATING SCALE

  12. CRISIL SHORT TERM RATING SCALE

  13. ICRA : INVESTMENT INFORMATION & CREDIT RATING AGENCY OF INDIA LIMITED. • ICRA was set up by IFCI on 16th january 1991. • A public limited company. • An authorized share capital of rs.10crores, rs. 5 crores is paid up. • To provide information & guidance to investors. • ICRA’S major shareholders IFCI (26%). • Determines the credit risk associated with a debt instrument.

  14. ICRA LONG TERM RATING SCALE

  15. ICRA SHORT TERM RATING SCALE

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