Aims to provide maximum information on the sustainability of business to the investors so that prospective investors can make informed decisions
Credit rating agency CARE Ratings, the second largest in India in terms of rating income has entered into an agreement with GREX Alternative Investments Market, a seamlessly integrated exchange-like platform to assess and grade startups and SMEs registered on GREX. This agreement will provide a broad analytical framework within which CARE Ratings will be involved in conducting Rating/Grading exercises for companies. The information will be useful for investors to make an informed decision in regards to the attractiveness of a specific company and its potential risk.
Speaking on the occasion, D. R. Dogra, Managing Director & CEO, CARE Ratings said: “I am happy to announce that CARE will be the first rating agency to grade/rate securities of high growth, unlisted companies registered on GREX. The grading/rating would be done keeping in mind the expectations of various market participants and nuances of the high growth companies in consideration.”
Rajesh Dubey, one of the early believers and shareholder of GREX, and Founder and ex-CEO of credit rating firm SMERA, added: “Through GREX-CARE grading of issue/issuer, GREX Manish Kumar, Co- Founder & CEO, GREX said: “Since inception, GREX has been striving to address challenges of credit-worthiness and poor perception of unlisted companies. This association aims to bring a huge amount of objectivity and investments in private companies.”