CRISIL, Icra, CARE: Major obstacles still to be overcome by rating agencies

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Despite Wednesday’s 15% rally, CARE Ratings is still trading 38% below its 52-week high; Similarly, CRISIL and ICRA are also down 14% from their respective 52-week highs.

Topics
CARE Assessments | stock market trading | crisis


Avdhout Bagkar |
Bombay



Shares of rating agencies saw considerable action in trading on Wednesday. CARE’s ratings climbed 15%, with volumes equivalent to the Covid-19 reversal point seen in March 2020.

One of India’s leading credit rating agencies, however, was still down 38% from its 52-week high, recorded in October 2021.


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First published: Thursday, July 14, 2022. 12:16 PM IST

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