CARE assigns ‘CARE AA+’ and ‘PR1+’ rating to the Bank Facilities of Gujarat State Petroleum Corporation Ltd.    CARE assigns ‘CARE IPO Grade 3’ grading to the proposed IPO of Electrosteel Integrated Ltd.     CARE assigns ‘CARE AAA’ and ‘PR1+’ ratings to the market borrowing programme of Indian Railway Finance Corporation for FY2011.     CARE assigns ‘CARE BBB’ and ‘PR3’ ratings to the Bank Facilities of Evinix Industries Ltd.     CARE assigns ‘CARE BBB (SO)’ rating to the Bank Facilities of Gupta Energy Pvt. Ltd.     CARE assigns ‘CARE BBB-’ and ‘PR3’ ratings to the bank facilities of Alfa Ica (India) Ltd.     CARE assigns ‘CARE A-’ & ‘PR2+’ rating to the Bank Facilities of Bhushan Power & Steel Ltd.    CARE assigns ‘CARE BBB-’ rating to the Bank Facilities of Vatika Hotels Pvt. Ltd.     CARE assigns ‘CARE BBB-’ and ‘PR3’ ratings to the Bank Facilities of Geetanjali Woollens Pvt. Ltd.     CARE assigns ‘CARE BB+’ rating to the Bank Facilities of Sheel Diamond Exports Ltd.    
   
 
Rating Committee
CARE is committed to the establishment of the highest standards of professional quality and integrity. One of the guiding factors in achieving this objective is the independence in rating decisions. In line with this, CARE has independent Rating Committee comprising reputed professionals who decide each rating. They are assisted in the evaluation by a team of professional analysts with varied experience in industry, banking and FIs.
CARE’s Rating Committee Members1 include:
Mr. Y. H. Malegam  
  		• Former Managing Partner - S. B. Billimoria & Co. Member of the Board of Directors of a number of companies and organisations including the Reserve Bank of India
    Mr. S. Doreswamy  
  		• Former Chairman and Managing Director of Central Bank of India and Dena Bank.
    Mr.P.P.Pattanayak  

  • Former Managing Director of State Bank of Mysore.

    Former Dy. Managing Director & Chief Credit Officer of State Bank of India.

    Mr.D.R.Dogra  

  • Managing Director,CARE.

    1. Specific delegation of powers also provide for a committee comprising of senior executives of CARE to decide some of the ratings/gradings.
     
    Why CARE Ratings
    Rating/Grading Services
    Rating Process
    Rating Criteria/Methodology
    Rating Committee
    Rating Symbols & Definition
    Complexity Level of Rated Instruments
    Information Required from Clients
    Letter Of Request/Mandate Letter
    Rating Data And Stastitics - Regulatory Disclosure
    Rating Rationale
    Outstanding Ratings
    Publications
    FAQs on Ratings
    Fee Structure
       
     
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