RBI issues revised list of accredited credit rating agencies

10 Jan 2023 , 08:47 AM

The Reserve Bank of India (RBI) on Monday issued the revised list of accredited credit rating agencies for the purpose of assigning risk weight to assets for capital adequacy purposes by the banks.

On a review, banks are advised to use the ratings of the six domestic credit rating agencies for risk weighting their claims for capital adequacy purposes. 

The six credit rating agencies are Acuite Ratings & Research Limited (Acuite), Credit Analysis and Research Limited (CARE); CRISIL Ratings Limited, ICRA Limited, India Ratings and Research Private Limited (India Ratings) and INFOMERICS Valuation and Rating Pvt Ltd, RBI said in a notification.

In last October, RBI dropped Brickwork Ratings India Private Limited from the list of accredited rating agencies. Further, the RBI advised regulated entities not to take any fresh ratings from Brickwork.

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