CARE Ratings’ wholly-owned subsidiary -- CARE Risk Solutions (CRSPL) has received approval for incorporation of wholly-owned subsidiary in United Arab Emirates (UAE), subject to Regulatory approvals, to support operations of CRSPL in UAE markets. The Board of Directors of the CARE Risk Solutions at its meeting held July 28, 2023, has approved the same.
CARE Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.