AAA ratings assigned by domestic, global raters different, says CRISIL

According to CRISIL, if Indian companies were to be assessed on a global scale, their ratings will be in the range of BBB and D

The ‘AAA’ ratings assigned by domestic credit rating agencies and global ones cannot be compared, as ratings assigned to companies are relative assessments of credit risks and the benchmarks could be national, global or regional, said CRISIL. 

Indian rating agencies have assigned ‘AAA’ rating to 276 companies, while global ones like S&P and Moody’s gave ‘AAA’ rating to only nine and 53 companies, respectively.

In case of India, the ‘AAA’ rated firms make up only 0.85 per cent of the total rated companies, which is lower than corresponding metrics across other national scale ratings in countries such as China, Taiwan, Thailand and