Investment Information and Credit Rating Agency (ICRA) is set up in 1991. Its earler name was Investment Information and Credit Rating Agency of India Limited. ICRA is constituted by by leading financial/investment institutions, commercial banks and financial services companies. The primary aim of ICRA is to rate various options in India and it is an independent and professional Investment Information and Credit Rating Agency.
Icra’s credit ratings are symbolic representations of its current opinion on the relative credit risks associated with the prevailing debt obligations or issues. It assigns -term ratings with symbols from A1 through to A5. Here A1 stands for a strong financial back ground while A5 represents a dubious credit rating. For example a rating like LB+/A4 indicate that the company is ‘non-investment grade’.
Visit ICRA website for more informations: http://www.icra.in/
