What is the full form of CRISIL

CRISIL: Credit Rating Information Services of India Limited

CRISIL stands for Credit Rating Information Services of India Limited. It is a global analytic company providing ratings, research and risk and policy advisory services. Its headquarters is in Mumbai, India. Standard and Poor's (S&P) is the majority shareholder of CRISIL so it is also called Standard & Poor?s company.

Today, CRISIL is serving more than 100, 000 customers across 86 countries. The company operates its business from 8 countries which include India, China, Hong Kong, Singapore, Argentina, Poland, UK and the USA.

Who CRISIL Serve

CRISIL serves the entire spectrum of financial service players ranging from leading commercial and investment banks, insurance companies, consulting firms, private equity players, asset management companies to small companies and investors. The company also works with governments and policy-makers of a country. It helps its clients to make better investment and business decisions.

Brief History

• CRISIL was incorporated and promoted by Industrial Credit and Investment Corporation of India Ltd. (ICICI) and Unit Trust of India Ltd. (UTI) in 1987.
• In 1989, it became the first rating agency to rate the Commercial Paper Programme.
• In 1992, it became the first rating agency to rate the asset-backed securities and debt instruments of banks and other financial institutions.
• In 1992, it also provided the technical assistance to an Israeli Securities Rating Company, Malaysia Berhad and Maalot.
• In 1996, it entered into a strategic alliance with Standard and Poor's to develop its skills and processes.
• In May 2005, Standard and Poor's became the majority shareholder of CRISIL and CRISIL became the Standard and Poor?s company.
• In 2010, it introduced Real Estate Star Ratings.
• In 2011, it launched education grading, solar grading and Gold and Gilt index.
• In 2012, it acquired a UK based company providing analytics to global investment banks.