CARE undertakes rating exercise based on information provided by the company, in-house
database and data from other sources that CARE considers reliable.
+ Debt Ratings
+ Bank Loan
+ Issuer Ratings +
Corporate Governance Rating
+ Recovery Rating
Financial Sector Ratings
CARE’s ratings factor in the array of risks that have an effect on the Financial
Sector company viz business risks, legal risk, financial risks and management risks.
+ Credit Quality Rating
+ Capital Protection Oriented Scheme Ratings
+ Insurance + NBFCs
+ Housing Finance
Public Finance Ratings
CARE has comprehensive framework for the assessment of the credit quality of states
and local bodies.
+ Urban Local Bodies
CARE’s Project Finance Ratingis an independent opinion on the risks associated with
the project on a standalone basis and after considering the sponsor’s strength.
+ Project Finance
Infrastructure Sector Ratings
CARE’s Infrastructure Sector Rating encompasses the ratings assigned to debt programmes
of issuers in the power, roads, telecommunications and other such infrastructure-related
CARE's Valuation of PPMLD structures are opinions on the valuation of a given instrument based on CARE's analysis of the structure and the impact of underlying market variables affecting the structure on the given valuation date.
CARE’s SME Vertical
Value-added services for SMEs
+ Wide product offerings
+ Database of more than 6,000 SME entities
+ Quarterly publications for analytical inputs
+ Daily publication on news in SME sector
+ Operating from ten branches across India
+ MoU with leading banks for interest & rating fee concession
+ A team of qualified analyst
+ Click here to view Services in MSME Segment
Indian SMEs face growth constraints due to lack of adequate& timely finance and difficulty to establish credible relations with its stakeholders.
CARE’s SME vertical with its sound data base and analytical abilities offers the various products in this segment to bridge this gap.
+ NSIC-CARE Performance & Credit
Rating for MSEs + SME Ratings
+ SME Fundamental Grading
+ Bank Loan Ratings
+ Due Diligence Service
+ Channel Partner
EQUIGRADE is a flagship product under equity research and grading services offered
+ Read More
Real Estate Star Rating
CARE undertakes the Real Estate Star Rating exercise by implementing its plethora
of analytical expertise.
CARE EDU GRADE is a grading product for Educational Institutes.
CARE’s IPO grading is a service aimed at facilitating the assessment of equity issues
offered to public.
ITI Grading is a grading product for Industrial Training Institutes.
+ Read More
CARE's MFI grading is a one-time assessment of a Micro Finance Institution's (MFI)
operational and financial capability…
CARE’s Rating of REIT fund is an opinion on the REIT’s investment quality, based on the fundamental assessment of the REIT.…
CARE has been empanelled by MNRE for carrying out the Accreditation/Grading exercise
for Renewable Energy Service Companies (RESCOs)…
The ESCOs specializes in energy audits and implement energy efficiency practices
in a particular organization…
+ Shipyard Grading
+ Construction Grading
+ Maritime Grading
Rating Symbols & Definition
+ Bank Loan Ratings
+ Corporate Governance Rating
+ Construction Grading
+ Corporate Governance Rating
Rating/Statistics – Regulatory Disclosure
+ Credit Rating History and Default
+ Structured Finance Product
+ Outstanding Rating
+ Brief Rationale
+ Complexity Level of Rated Instruments
+ FAQs on
+ Fee Structure
The Economics Department is known for its regular and almost real-time domestic
and global economy-related updates, opinions as well as analytical Studies and Surveys.
Analyses of developments in areas such as GDP, industrial growth, inflation, agricultural
growth, trade etc.
The reports in this section assess the impact of various policy measures by different
countries on India’s economy and so on.
Surveys that capture expectations of the key players in the industry; from various
fields like banking, automobile, entertainment, etc., on various economic developments.
In-depth analytical Studies to ascertain trends in various facets of the economy.
Debt Market Update
A free monthly bulletin about the happenings in the debt market.
+ Audited Financial Results
+ Unaudited Financial Results
+ Annual Reports
+ BSE Stock Watch + NSE Market Tracker
+ Registrar and Share Transfer
The rating process takes about two to three weeks, depending on the complexity of
the assignment and the flow of information from the client. Ratings are assigned
by the Rating Committee.
CARE undertakes a rating exercise based on information provided by the company,
in-house databases and data from other sources that CARE considers reliable. CARE
does not undertake unsolicited ratings.
Rating fees are computed separately on each instrument issued. Issuers are liable
to pay rating fees, regardless of whether they accept CARE's rating or not. Full
rating fee is to be paid up front.
Why CARE Ratings? Why is credit rating necessary at all? Why do rating agencies
use symbols like AAA, AA, rather than give marks or descriptive credit opinion?
+ View More
Why ITI Grading?
Industrial Training Institutes (ITIs) constituted under Directorate General of Employment and Training (DGE&T) play a vital role in the Indian economy in terms of providing skilled manpower. At present, there are a total of around 12,000 ITIs in India, imparting 126 trades (73 Engineering + 48 Non- Engineering + 5 exclusively for visually impaired) under the aegis of National Council for Vocational Training (NCVT). The number of ITIs has doubled over the last 5 years and is proposed to increase further, which has led the DGE&T to introduce a quality assurance system via grading of these institutions. The DGE&T will endorse and recognize the grading awarded by the Grading Agencies to specific ITIs who undergo the grading process voluntarily
ITIs will be graded at the Trade & Institute level. Also, each NCVT trade within an institute will have a separate grading and the combined grading of all the trades in an institute will be calculated by weighted average method.
Weight of the trade is at 70% and that of an institute is at 30%. These weighted grades will then be converted into a 0 to 10 points scale and the grading will be awarded based on the number of points as below:
Institute Evaluation Parameters
Trade Evaluation Parameters
CARE with its large experience in rating/ grading assignments can help in evaluating the quality of various trades based on the standard parameters and the grading outcome will act as an input tool to compare relative strengths and weaknesses across institutes and the trades offered therein thus aiding DGE&T in identifying specific problem areas and designing appropriate policy interventions
Grading will promote excellence in vocational training, in turn producing quality labour for employment.
The grading will offer a motivation to the institute to get recognized, thereby inducing a differentiating factor for the institutes, leading to increased market competition and thereby quality improvement.
Institutes will gain insights on specific weak areas and the scope for improvement of the same through the grading. Similarly, grading will help ITIs recognize their strengths so that they can capitalize the same
The DGE&T will endorse and recognize the grading awarded by the Grading Agencies to specific ITIs who undergo the grading process voluntarily
In the normative fee structure of ITIs, a 20% extra fee is permitted to be charged by ITIs graded 4 and 5 stars.
The grading will provide a benchmark for comparison amongst various institutes and trades offered therein for the students to aid in the selection of trade and institution during enrolment.
Grading will help the employers by serving as a formal recognition from the government about a specified level of quality of training and facilities offered to aid in quality placements of the students. Grading will also induce geographic diversification in placements of the students via the recognition received.
The fees charged will be decided based on the no of trades to be graded in each ITI. The maximum fee will be Rs. 1.6 lakh plus service tax.
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