debt rating instruments
TRANSCRIPT
RATING OF DEBT INSTRUMENTS
• A debt instrument is a paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract.
• Rating of organisations evaluate the credit worthiness of an issuer with respect to debt instruments
• General ability to pay back debt over the specified period of time.
• The rating is given as an alphanumeric code that represents a graded structure or creditworthiness.
**CRISIL RATINGS IS INDIA'S LEADING RATING AGENCY.
**PIONEERED THE CONCEPT OF CREDIT RATING IN INDIA
IN 1987
• Promoted by IFCI LTD
• It provides Rating, Information and Advisory services
ranging from strategic consulting to risk management and
regulatory practice.
• •To provide regulators with market driven systems to
encourage the healthy growth of capital markets.
• •It provides rating services, information services and
advisory services.
• •It offers services like Credit rating of debt
instruments , Advisory services like securitization
transactions, structuring financial instruments,
financing infrastructure projects and municipal
finances , Information services like providing
information to companies, industry and businesses
& Equity research
• •It also provides advisory services in the areas of
securitisation of transactions and structuring
Financial Instruments.
GLOBAL RATING AGENCIES
• Credit rating is a highly concentrated industry, with the "Big Three" credit rating agencies controlling approximately 95% of the ratings business.
MOODY'S INVESTORS SERVICES
• Moody's Investors Service is a
leading provider of credit ratings,
research, and risk analysis.
Moody's commitment and
expertise contributes to
transparent and integrated
financial markets, protecting the
integrity of credit.
• Their published research and
investor briefings draw
thousands of attendees each
year and keep investors current
with the rationale underlying our
credit opinions.
STANDARD & POOR'S
• With 26 offices around the world and a history that dates back more than 150 years, S&P Global Ratings provides high-quality market intelligence in the form of credit ratings, research, and thought leadership.
FITCH RATINGS
• Global leader in credit ratings and research
• Leading provider of credit ratings, commentary and research.
• Dedicated to providing value beyond the rating through independent and prospective credit opinions
• Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise