Achievements
2018 onwards
  • CARE Ratings signed MoU with Tresata Inc, a world leader in AI software
  • CARE Ratings signed MoU with Russian Rating Agency - Analytical Credit Rating Agency (ACRA)
2013
2017
  • CARE Ratings assigned India’s First Consumer Durable Asset Pool Securitisation Rating
  • Winner of The Financial Express CFO Platinum Award (1st rank in services category for companies with turnover of less than Rs.500 crore)
  • Launched “Expected Loss” rating for Infrastructure Projects
  • Launched CARE Advisory Research and Training Ltd., a subsidiary of CARE Ratings, which provides Financial Advisory and Management Consultancy services
  • Signed MoU to establish Credit Rating Agency in Nepal
  • Attained highest share in BS top 1000 companies (45%), ET top 500 companies (54%) and FE top 500 companies (52%) in terms of rating business penetration
  • Entered into a strategic alliance with Japan Credit Rating Agency Ltd. (JCR)
  • Obtained a license for doing business in Mauritius and will operate under the banner of CARE Ratings (Africa) Private Limited (CRAF)
  • Launched rating of Real Estate Investment Trusts (REITs)
  • Developed and launched a Debt Quality Index called CDQI. The Index denotes the quality of debt in the country that can be interpreted over time and juxtaposed with other developments in the financial sector
  • Assigned rating to India’s first Alternate Investment Fund (AIF)
  • Rated India’s first Securitization transaction backed by Mortgage Guarantee
  • Empanelled by Government of Karnataka for rating of Tourism sector in the state
  • Rated the first Green Infrastructure bond
  • Launched CARE Risk Solutions Pvt. Ltd. (CRSPL), a wholly owned subsidiary of CARE Ratings, providing cutting edge Risk and Compliance solutions to Banks and Financial Institutions.
2009
2012
    • Made an IPO in 2012 - Subscribed 34.05 times
    • Listed on BSE and NSE
2005
2008
    • IPO grading launched
    • Received ECAI recognition
    • Signed MOU with 19 banks to provide rating facilities under BASEL II
    • Received mandate from Ministry of Urban Development for rating 13 ULBs under JNNURM
    • Completed 5,000 assignments
2001
2004
    • Founding member of Association of Credit Rating Agency in Asia (ACRAA)
    • Launched Corporate Governance and Value Creation Rating
    • Signed MOU with NSIC for empanelment as an approach rating agency for small scale industries
1997
2000
    • Launched ‘CARE Loan Ratings’ for rating term loans
    • Ventured into Advisory business and bagged 13 assignments
    • Initially started rating for Debt Mutual Funds
    • Obtained registration with SEBI when rating agencies came under its purview
1993
1996
    • Commenced Rating operations
    • Expansion of Rating operations to rating of toll roads, electricity board, municipal corporations, structured instruments
    • Completed nine studies on central public sector undertakings selected for disinvestment for the Disinvestment Commission