CareEdge Ratings Enters Global Scale with Sovereign Ratings

CareEdge Ratings, India's premier credit rating agency, has launched into the Global Scale Ratings arena via its subsidiary, CareEdge Global IFSC Limited. It unveiled sovereign ratings for 39 nations during a high-profile event at GIFT City, Gandhinagar. Notable attendees included key figures from regulatory, corporate, and political spheres.

CareEdge Ratings, a leading Indian credit rating agency, has announced its entry into the Global Scale Ratings space through CareEdge Global IFSC Limited. This marks the first time an Indian agency has ventured into this area.

The company unveiled sovereign ratings for 39 countries at a prominent event in GIFT City, Gandhinagar, India. Distinguished personalities from regulatory bodies, corporations, and policy-making circles attended, including noted Indian corporate leaders and members of the Economic Advisory Council to the Prime Minister.

CareEdge has assigned ratings ranging from AAA for Germany and other notable nations to D for Ethiopia. The agency emphasizes transparency and a nuanced understanding of emerging economies. Its robust methodology, which considers historical, current, and future trends, aims to provide independent and unbiased ratings.

(With inputs from agencies.)