Dr Dogra, MD & CEO of Care Ratings, said that the alliance is particularly beneficial as JCR is among the 10 agencies recognised by the US Securities and Exchange Commission and also by few European countries.
The company's net profit fell 27.77 percent to Rs 37.85 crore during the second quarter ended September 30. The ratings agency had clocked a net profit of Rs 52.41 crore during the corresponding period of previous fiscal
Composite caps have been suggested for agriculture, manufacturing, airports, real estate, telecom and other sectors.
In an interview to CNBC-TV18, DR Dogra, MD & CEO, CARE Ratings, discusses the company's fourth quarter earnings and its future outlook.
IDBI has recently sold 10 percent stake in CARE Ratings possibly to LIC which is now the largest shareholder.
DR Dogra, MD and CEO, CARE Ratings says the company had a good quarter on stabilising credit growth. He adds that the second half earnings of the fiscal year will be better than the first half.
For every downgrade there have been 1.25 upgrades in Q2FY15, says DR Dogra, MD & CEO of Care Ratings
Analysts believe widening gap between company‘s financial ratio and credit rating raises questions over accuracy. However, rating agencies look at many parameters such as industry risk, financial risk and business specific risks apart from leverage, says DR Dogra of CARE Ratings.
CARE would be conducting surveillance for more than 5,000 companies, which will certainly its topline in good order, says MD & CEO DR Dogra.
In an interview to CNBC-TV18, Dr Dogra, MD & CEO, CARE Ratings said despite challenging environment, the total number of assignments were over 4,000. Further more he said, “ The company added around 1,725 new clients during the 9 month period of which 626 were added during Q3 of FY13.â€
DR Dogra, CEO, CARE Ratings explains to CNBC-TV18 that the agency's focus on cost-efficiency and research has enabled it to keep the competition at bay and cater to the increasing needs of a burgeoning economy.
Credit Analysis and Research Ltd or Care Ratings has fixed the price band for its initial public offer (IPO) of shares at Rs.700-750 a share, said the company management on Monday. The share sale will open for subscription on December 7 and will close on December 11.