India’s Credit Rating Scene Gets a New Player, But Do We Really Need Another?

India’s Credit Rating Scene Gets a New Player, But Do We Really Need Another?

October 23, 2025

India already has many credit rating agencies like CRISIL, ICRA, CARE, India Ratings, Acuité, and Brickwork Ratings. These players dominate the world of corporate and structured-debt ratings. So why is the industry buzzing about a new agency? Because the real issue is not the number of agencies but the trust people have in them! Here comes the new entrant, freshly approved by Sebi (Securities and Exchange Board of India). This newcomer boasts an impressive lineup: its promoters and board members include a former chief of a public sector bank, a former markets regulator, and a banking industry supervisor. Sounds like a dream team, doesn’t it? Yet, beyond the glossy credentials lies a spicy question: Does India really need yet another credit rating agency? The market is already crowded, and credibility has always been a challenge. Instead of adding to the crowd, should the focus be on boosting trust and transparency? This new agency’s arrival stirs up the debate about quality versus quantity in the credit ratings market. For now, it’s a wait-and-watch game. Will it shake up the trusteeship or just blend in as a name among many? Only time will tell! Meanwhile, India’s finance world is watching with keen eyes and curious hearts.

Read More at Economictimes

Tags: India credit rating agencies, Crisil, Sebi approval, Credit rating credibility, New cra, Financial regulation,

R Gurumurthy

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