CRISIL - ‘The Credit Rating Information Services of India

Limited’

Company history

1987 • Year of Incorporation

87- • Commences rating of corporates

88

95- • Enters into a strategic Alliance with Standard & Poors' Ratings Group,
96 New York.
• Tie-ups with International Information Vendors for Dissemination of
CRISIL Ratings.
• Introduces ratings on municipal bonds and on Liquified Petroleum Gas
(LPG) and Superior Kerosene Oil (SKO)
• Launches CRISIL ~ 500 Equity Index
• Launches CRISIL SECTORVIEW reports for industry research.

96- • Launches ratings on mutual funds, bank loan ratings, public finance
97 ratings.
• Standard & Poors' acquisition of interest in CRISIL by acquiring 9.68%
of shareholding in the Company.

CRISIL offers…
products: real time news, analysed data, incisive insights and opinion, and
expert advice
users: investors, issuers, policy makers
… to de-risk their business and financial decision making, take informed
investment decisions and develop workable solutions.

CRISIL helps to precisely understand, measure and calibrate myriad risks --

financial and credit risks, price and market risks, exchange and liquidity
risks, operational, strategic and regulatory risks.

Products and services

Services offered by CRISIL are of the following 3 natures…

Rating services Advisory Information Services

Services

The Rating CRISIL Banking News

Services are: The & Finance Crisil MarketWire (CMW), a
market leader in Sector Advisory division of CRIS-RISK &
India and its only CRISIL Banking & Information Solutions
"full service" Finance Sector Company (CRIS-RISC), and
ratings agency, Advisory assists forged from the experienced
CRISIL has various financial professional team of the
pioneered a viable, entities to de-risk erstwhile Bridge News,
market-driven pricing and spearheads CRISIL offerings
credit rating system lending decisions, in the market with real-time
in the country. improve news provided on multi-
Setting risk operational delivery platforms.
assessment efficiencies
benchmarks and through credit risk
rating more than evaluation and Analysed Data
4000 debt credit Global Data Services of India
instruments till management, and Ltd. (GDSIL) offers
date, worth over US the measurement consistent, high-quality
$75 billion, for of portfolio credit financial data analysis to
more than 1800 risk and users within and outside the
companies, CRISIL performance. CRISIL Group, enhancing
has played a stellar
CRISIL the efficacy of the
role in the
Infrastructure conventional financial
development of the
Advisory analysis frameworks adopted
debt markets in
CRISIL in the marketplace.
India. The
strategic alliance Infrastructure Analytical Tools &
with Standard & Advisory plays a Benchmarks
Poor's Ratings significant role in CRIS-RISK & Information
Services, the creating policy Solutions Company (CRIS-
world's leading frameworks for RISC), the Capital Markets
ratings agency reforms, group, plays a pivotal role in
helps anticipate institution the continued development
new market building, private- of India's capital markets
challenges, besides public and the creation of industry
introducing value- partnerships, benchmarks with its
added rating leading innovative Market Risk
methodologies. assignments with Analytics, Benchmark
international Indices and Analytical Tools
`Full Service’ partners in the for the Fixed Income and
Ratings Agency multilaterally Mutual Fund players.
CRISIL's funded projects
comprehensive market, and India Index Services &
offerings include assisting Central Products Limited. (IISL), a
Ratings for short, and State 50:50 Joint venture with the
medium and long Government National Stock Exchange, is
term debt disinvestment the only entity in India
instruments issued
by manufacturing initiatives. With dedicated to the business of
companies, non- long-standing providing investors in Indian
banking financial relationships with equities with indices, index
companies, the Indian central products and services. Its
municipal bodies, and state main indices - S&P CNX
financial governments, it Nifty, S&P CNX 500, S&P
institutions, state offers the ability CNX Industry Indices - are
governments, asset- to reduce risks licensed with the Standard &
backed securities and enhance the Poor's brand name, the
and structured success world 's leading index
obligations and probability of provider
Performance proposed projects
Grading of real with insights on Research & Information
estate developers, institutional Crisil Research &
LPG parallel nuances, Information Services Ltd.,
marketers, and regulatory/ policy whose brand CRIS INFAC is
healthcare initiatives and widely acknowledged as the
institutions. development most preferred source of
priorities of the business information &
CredibilityFirst, a government. Its analysis on India, provides
division, provides strong regulatory incisive analysis and
independent practice includes accurate forecasts on
Verification and a strategic industries, companies, and
Certification alliance with commodities to over 500
Services and rating National clients across financial,
opinions on hitherto Economic consulting, government and
unrated entities in a Research corporate sectors.
quick manner, using Associates
technology-enabled (NERA), USA for
solutions. energy sector
regulation.

In line with its vision of being the leading opinion maker and provider of
comprehensive solutions, CRISIL has three subsidiaries -
• Cris Ltd.
• CRIS-Risk & Information Solutions Co. Ltd. (CRIS-RISC) - (formerly
known as Crisil.com Ltd.) • Global Data Services of India Ltd.

CRISIL, India’s leading credit rating agency enjoys reasonably good

credibility amongst lenders. It is well placed in the sector commanding a
market share of 43%. Its alliance with S&P has increased its international
credibility and given it exposure to international methodology and
operational skills. Leveraging its credit rating expertise, CRISIL has also
diversified into information and advisory services businesses, which
together account for around 20% of its revenues.

CRISIL’s business prospects are linked to the growth in the debt market.
With widespread difficulties in the economy and the industry, the debt
market is witnessing a low period now. But with signs of recovery in the
economy across all sectors, once the corporates plan to borrow, the rating
business shall witness an upturn in fortunes. The number and complexity of
instruments is also poised for a big increase with innovative financial
restructuring.

Over the years, it has been mandatory for companies willing to raise money
in debt markets to get their instrument rated by agencies. At present, the
leading rating agencies in the country include CRISIL, ICRA, and CARE etc.
most of these agencies have been promoted by the Indian Financial
Institutions. Rating business also requires building up of credibility and skill
base, which act as barriers to entry.

Please note that the company has an exhaustive web site –

www.crisil.com.