Consider the following statements: 1. In India, credit rating agencies are regulated by Reserve Bank of…
Consider the following statements: 1. In India, credit rating agencies are regulated by Reserve Bank of India. 2. The rating agency popularly known as ICRA is a public limited company. 3. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Solution
1 incorrect: Credit rating agencies in India are regulated by SEBI (not RBI). 2 correct: ICRA Limited is a public limited company. 3 correct: Brickwork Ratings India Pvt Ltd is an Indian credit rating agency.