Ratings agency CARE completes its IPO grading century

by khalid on 24/03/2011 · 0 comments

Credit Analysis & Research Ltd. (CARE Ratings) CARE Ratings has completed 100 initial public offering (IPO) grading assignments, thereby, becoming the first rating agency in the country to hit a century of IPO grading. CARE Ratings is a full service rating company that offers a wide range of rating and grading services across sectors. CARE has an unparallel depth of expertise. CARE Ratings methodologies are in line with the best international practices.

The IPOs CARE analysed includes Coal India, MOIL, JSW Energy, Cox & Kings India, PTC India Financial Services, Gujarat State Petroleum Corporation, Punjab & Sind Bank and IL&FS Transportation Networks and many more.

Market regulator SEBI had made IPO grading mandatory in the year 2007 to help investors make informed decisions while investing in companies that plan to raise equity capital by way of IPOs.

CARE Ratings MD DR Dogra is a happy guy to achieve this significant mark. He said that we are all very proud of this accomplishment and grateful to our clients and other market participants for having faith in our services. We look forward to maintaining high quality of our services and setting new benchmarks.

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