New Global Rating Firm ARC to Start Operations With India Grading

Newly launched ARC Ratings said it will kick off its sovereign operations with assigning ratings to India over the next four to six weeks, said the media report.

India's Care Ratings holds 20 per cent stake in the new global credit rating agency, formally launched in January this year. The London-based ARC has five founding partners - ARC Ratings of Portuguese, Care, Global Credit Ratings from Africa, Malaysian Rating Corp and SR Ratings of Brazil.

New Global Rating Firm ARC to Start Operations With India Grading
"We are doing our sovereign analysis on India because it is the biggest market for us and it is going through critical times. We hope to kick off our rating assignment with India over the next four to six weeks," ARC Ratings Managing Director and Chief Executive Alexandra Mousavizadeh told media.

The agency is gathering views in the country and has already met Finance Ministry officials in Delhi and will be meeting Reserve Bank representatives this week. It will also be meeting corporates, academicians and think-tanks.

After India, ARC plans to assign sovereign ratings to Malaysia and Indonesia by December-end and Nigeria later, added the media report.

Read more about: ratings, arc
Story first published: Friday, November 7, 2014, 9:20 [IST]
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