Sovereign Credit Rating
- A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity.
- It can give investors insights into the level of risk associated with investing in the debt of a particular country, including any political risk. Another common motivation for countries to obtain a sovereign credit rating is to attract foreign direct investment (FDI).
- In India, there are six credit rating agencies registered under Securities and Exchange Board of India (SEBI) namely, CRISIL, ICRA, CARE, SMERA, Fitch India and Brickwork ....
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