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Partnerships & Alliances
  • ICRA Ltd. (India)
  • ICRA. Ltd.
  • Building No. 8
  • 2nd Floor, Tower A
  • DLF Cyber City, Phase II
  • Gurgaon 122002

ICRA Limited (ICRA), established in 1991, is one of the leading professional investment information and credit rating agencies in India. Based in New Delhi, ICRA provides credit ratings and analysis for a wide range of rupee-denominated securities. In addition, it also offers grading services and industry research services. ICRA has nine offices across the country, and a staff of over 300 analysts. ICRA also has offices in Nepal and Sri Lanka.

As a majority owner, the primary activities of Moody's Investors Service with ICRA includes an exchange of global and local market expertise, selective joint research publications, joint credit seminars for the benefit of Indian market participants, and training of ICRA credit analysts.

All analysis and ratings assigned to Indian issuers and/or financial instruments will remain independent activities of Moody's and ICRA as they are in current practice. Moody’s assigns ratings to financial instruments of Indian issuers on a cross-border basis when requested by Indian issuers and serves domestic and foreign investor interests. Moody's ratings and credit analysis will also include Indian industries and issuers in global cross-border transactions.