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CARE's Credit Rating is an opinion on the relative ability and willingness of an issuer to make timely payments on specific debt or related obligations over the life of the instrument. CARE rates rupee denominated debt of Indian companies and Indian subsidiaries of multinational companies.
CARE undertakes credit rating of all types of debt and related obligations. These include all types of medium and long term debt securities such as debentures, bonds and convertible bonds and all types of short term debt and deposit obligations such as commercial paper, inter-corporate deposits, fixed deposits and certificates of deposit.
CARE also rates quasi-debt obligations such as the ability of insurance companies to meet policyholders’ obligations. CARE's preference share ratings measure the relative ability of a company to meet its dividend and redemption commitments.
CARE has a strong structured finance team and has been instrumental in developing rating methodologies for innovative asset backed securities in the Indian capital market. The term 'structured financing' refers to securities where the servicing of debt and related obligations is backed by some sort of financial assets and/ or credit support from a third party to the transaction.
CARE’s credit ratings consider a medium to long term horizon which is typically defined as three to five years. While the time horizon of a short term instrument is up to one year.
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