CRISIL CRISIL is acronym for Credit Rating Information Services of India Limited.

CRISIL is India's leading Ratings, FinancialNews, Risk and Policy Advisory company. Since 1987 when CRISIL was incorporated, CRISIL has played an integralrole in India's development milestones.CRISIL's majority shareholder is Standard & Poor's, the world's foremost provider of independent credit ratings,indices, risk evaluation, investment research and data. CRISIL's association with Standard & Poor's, a division of TheMcGraw-Hill Companies, dates back to 1996 when both companies started working together on rating methodologiesand joint projects.CRISIL Ratings is the only ratings agency in India to operate on the basis of sectoral specialisation. CRISIL Ratingsplays a leading role in the development of the debt markets in India. CRISIL has also spearheaded the formation of the CariCRIS, the world's first regional credit rating agency.The main functions of CRISIL can be classified into following subheads: 1. Ratings CRISIL Ratings: It is the only ratings agency in India with sectoral specialization It has played a critical role in thedevelopment of the debt markets in India. The agency has developed new ratings methodologies for debt instrumentsand innovative structures across sectors. CRISIL Ratings provides technical know-how to clients all over the worldand has helped set up ratings agencies in Malaysia (RAM), Israel (MAALOT) and in the Caribbean. 2. Research CRISIL Research: It provides research, analysis and forecasts on the Indian economy, industries and companies toover 500 Indian and international clients across financial, corporate, consulting and public sectors. CRISIL FundServices: It provides fund evaluation services and risk solutions to the mutual fund industry. The Centre for Economic Research: It applies economic principles to live business applications and providebenchmarks and analyses for India's policy and business decision makers. Investment Research Outsourcing: CRISIL added equity research to its wide bouquet of services, by acquiringIrevna, a leading global equity research and analytics company. Irevna offers investment research services to theworld's leading investment banks and financial institutions. 3. Advisory CRISIL Infrastructure Advisory: It provides policy, regulatory and transaction level advice to governments andleading organisations across sectors. Investment and Risk Management Services:

CRISIL Risk Solutions offers integrated risk management solutionsand advice to Banks and Corporates by leveraging the experience and skills of CRISIL in the areas of credit andmarket ris