CRISIL stands for Credit Rating and Information Services of India Limited.
|Full Form||Credit Rating and Information Services of India Limited|
|Category||Business » Companies & Corporations|
What is CRISIL?
Credit Rating and Information Services of India Limited (CRISIL) is a credit rating agency in India. It was founded in 1968 by the late K.V. Kamath, an Indian businessman and banker. CRISIL provides credit ratings and consulting services to financial institutions, corporates and government agencies in India and around the world.
The credit ratings that CRISIL provides are important because they help lenders decide whether to offer loans to a company or invest in it. Lenders use CRISIL’s ratings to decide how much money they are willing to risk investing in a company.
CRISIL also provides consulting services to companies. This includes help with improving their financial stability, managing debtors and reducing risk exposure.
Overall, CRISIL is one of the most important credit rating agencies in India. Its credit ratings help lenders make decisions about investing in companies, and its consulting services help companies improve their financial stability and reduce risk exposure.