CRISIL is acronym for Credit Rating Information Services of India Limited. CRISIL is India's leading Ratings, Financial News, Risk and Policy Advisory company. Since 1987 when CRISIL was incorporated, CRISIL has played an integral role in India's development milestones.
CRISIL's majority shareholder is Standard & Poor's, the world's
foremost provider of independent credit ratings, indices, risk
evaluation, investment research and data. CRISIL's association with
Standard & Poor's, a division of The McGraw-Hill Companies, dates
back to 1996 when both companies started working together on rating
methodologies and joint projects.
CRISIL Ratings is the only ratings agency in India to operate on the
basis of sectoral specialisation. CRISIL Ratings plays a leading role in
the development of the debt markets in India. CRISIL has also
spearheaded the formation of the CariCRIS, the world's first regional
credit rating agency.
The main functions of CRISIL can be classified into following subheads:
CRISIL Ratings: It is the only ratings agency in India with
sectoral specialization It has played a critical role in the development
of the debt markets in India. The agency has developed new ratings
methodologies for debt instruments and innovative structures across
sectors. CRISIL Ratings provides technical know-how to clients all over
the world and has helped set up ratings agencies in Malaysia (RAM),
Israel (MAALOT) and in the Caribbean.
CRISIL Research: It provides research, analysis and forecasts on
the Indian economy, industries and companies to over 500 Indian and
international clients across financial, corporate, consulting and public
CRISIL FundServices: It provides fund evaluation services and
risk solutions to the mutual fund industry.
The Centre for Economic Research: It applies economic principles
to live business applications and provide benchmarks and analyses for
India's policy and business decision makers.
Investment Research Outsourcing: CRISIL added equity research to
its wide bouquet of services, by acquiring Irevna, a leading global
equity research and analytics company. Irevna offers investment research
services to the world's leading investment banks and financial
CRISIL Infrastructure Advisory: It provides policy, regulatory
and transaction level advice to governments and leading organisations
Investment and Risk Management Services: CRISIL Risk Solutions
offers integrated risk management solutions and advice to Banks and
Corporates by leveraging the experience and skills of CRISIL in the
areas of credit and market risk.