Credit Analysis and Research’s (CARE) subsidiary in Mauritius - CARE Ratings (Africa), had made an application to the Mauritian regulator, Financial Services Commission (FSC) for Credit Rating Agency licence in Mauritius.
The FSC accorded its approval for a credit rating agency licence under Section 14 of the Financial Services Act, 2007 to CARE Ratings (Africa).
CARE is a second largest full service credit rating company in India, offering rating and grading services across a diverse range of instruments and industries including IPO grading, equity grading, and grading of various types of enterprises, including shipyards, maritime training institutes, construction companies and rating of real estate projects, among others.
