India’s First Sovereign Ratings:CareEdge Ratings, a key player in India’s financial ratings sector, today announced the launch of its global sovereign ratings division, announcing its first ratings for 40 countries. The move marks the company’s entry into the global credit rating space, reflecting a strong commitment to transparency, inclusivity and regional understanding in risk assessment.
At the launch event, Najib Shah, Chairman and Independent Non-Executive Director of CareEdge Ratings, highlighted the company’s intention to bring a new perspective to sovereign ratings. “We are not simply establishing the presence of an Indian company in the global sovereign rating industry. We believe we are bringing a more inclusive and transparent approach to this critical space,” Shah said.
Shah further highlighted the growing importance of emerging economies in shaping the global economic narrative. He noted that its growing share of the global market GDP and public debt requires a more nuanced understanding of its unique characteristics. “The parameters used to measure a nation’s potential cannot be uniform. A global perspective must consider the specific characteristics of different regions and economies,” he added.
CareEdge Ratings aims to address what Shah called a “perception burden” that often influences existing assessments of economies, particularly emerging markets. By utilizing its experience and deep regional knowledge, the company seeks to offer a credible and diverse alternative in the sovereign ratings space.
Shah also stressed that credibility will be key to the success of CareEdge Ratings’ global business. “For our ratings to be a counterfactual alternative, credibility is crucial,” he said, adding that the company’s decision to enter this space arises from a clear vision of fostering transparency and providing a more localized understanding of sovereign risk.
The launch of CareEdge’s Global Ratings division comes amid growing demand for alternative perspectives on sovereign credit assessments, especially of emerging economies. The firm plans to expand its presence in global finance through its operations in Gujarat International Finance Tec-City (GIFT City), further consolidating its role in the global credit rating industry.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.