International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
**Need Help in Content editing, Data Analysis.
Adv For Editing Content
EFFICACY OF CREDIT RATING AND CREDIT RATING AGENCIES IN INDIA
1 Author(s): DR M.M.GOYAL
Vol - 4, Issue- 3 , Page(s) : 580 - 590 (2013 ) DOI : https://doi.org/10.32804/IRJMST
Abstract Credit Rating Agency’s (CRA) plays a key role in the financial markets by helping reduce information asymmetry between lenders and investors regarding the credit worthiness of the latter. The role of CRA’s been scrutinized under lenses post sub prime crisis, though Indian subcontinent was not much affected by the repercussions of the crisis, still there were questions about the efficacy of the information provided by the CRA’s. The paper captures the role of credit rating and CRA’s especially in perspective of Indian economy and the issues limiting its efficacy.