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Crisil India Launches First Index for Inflation-Linked Government Bonds

The Indian unit of Standard & Poor’s, Crisil Research, will launch Inflation-Indexed Government Securities Index (CRISIL IIGS Index), a first for the Indian bond market. CRISIL IIGS Index will track a portfolio of inflation-linked securities issued by India. The researchhouse said the index will provide market participants with an appropriate and easily accessible benchmark to measure and analyze the performance of such securities. Source: International Business Times Read More »

Credit Rating India: Roopa Kudva Resigns as CEO of CRISIL

The Indian Business Standard reported that Roopa Kudva has resigned as CEO of CRISIL.  Quoting Kudva, a CRISIL statement said, “Change at the top at judicious intervals is a sound governance practice and allows companies to refresh themselves. I am committed to ensuring a smooth transition.”  Kudva would remain at the company till a successor was identified and appointed, CRISIL ... Read More »

Crisil Jul-September Quarter Net Profit up 95% at Rs 117 crore

Crisil Ltd, the Indian Rating Agency, reported 95.6 per cent rise in net profit at Rs 116.81 crore for the quarter ended September 30, 2013.  The company had registered net profit of Rs 59.73 crore during the same period a year earlier, it said in a filing to the BSE.  Its consolidated income from operations stood at Rs 286.40 crore for the quarter ended September ... Read More »

CRISIL India to Sell its Stake in IISL

CRISIL Ltd, a subsidiary of S&P, has informed the Indian Stock Exchange that the it will be selling its equity stake in India Index Services & Products Limited (IISL), comprising 6,37,000 equity shares of face value Rs. 10 each and representing 49% of the total equity share capital of IISL, its Joint Venture with National Stock Exchange of India Limited ... Read More »

McGraw Hill Financial Increases Stake in CRISIL (India) to 67.8%

McGraw Hill Financial (NYSE: MHFI) has increased its equity position to 67.8% (from 52.8%) in CRISIL Limited, an Indian based analytical company and India’s leader in credit ratings and research. As part of the voluntary tender offer announced in June 2013, McGraw Hill Financial acquired 10,623,059 equity shares from shareholders of CRISIL, which represents 15.1% of the total equity shares ... Read More »

CRISIL Q2 Net Profit up at Rs. 60.52 Crore (22%)

CRISIL Ltd has posted a net profit of Rs. 528.30 million for the quarter ended June 30, 2013 as compared to Rs. 432.20 million for the quarter ended June 30, 2012. Total Income has increased from Rs. 1841.70 million for the quarter ended June 30, 2012 to Rs. 2140.70 million for the quarter ended June 30, 2013. The Group has ... Read More »

McGraw Hill Financial Seeks to Increase Investment in CRISIL

Initiates Voluntary Offer for Additional 22.23% of India’s Leading Credit Ratings, Research Company McGraw Hill Financial (NYSE: MHFI) announced it is making a voluntary open offer to acquire up to 15,670,372 shares, representing 22.23% of the total equity shares outstanding in CRISIL Limited, a global analytical company and India’s leader in credit ratings and research. Full acceptance of the offer ... Read More »

Crisil India: Bank Loan and SME Ratings Drives Growth

Crisil Ltd, one of India’s credit rating agencies, has reported a 7.5 per cent rise in net profit at Rs 60 crore during the October-December quarter compared with Rs 56 crore in the year-ago period.  Its consolidated profit-after-tax was Rs 220 crore against Rs 206 crore, an increase of 6.8 per cent, the company said in a statement. Consolidated total ... Read More »

New SME Rating Services Launched in India by CRISIL

Crisil announced the launch of Small and Medium Enterprise (SME) Fundamental Grading services for SMEs proposing to raise equity capital through listing on SME exchanges.  SMEs in 560 cities across the country carry CRISIL ratings.   CRISIL, one of India’s leading rating agencies (majority owned by S&P) reported consolidated revenues for the first nine month of 2012 of Rs 717 crore ... Read More »

Coalition Development Ltd Acquired by CRISIL

CRISIL is world’s largest provider of equity and fixed income research services. CRISIL is a subsidiary of Standard & Poor’s Coalition is a leading analytics and business intelligence provider to the global financial services industry Coalition Development Ltd, a privately-held London head- quartered analytics company, announces today that it has reached an agreement to be acquired by CRISIL, a subsidiary ... Read More »

S&P’s CRISIL To Acquire Coalition, UK-Based Analytics Firm

The McGraw-Hill Companies, Inc. announced that CRISIL, a division of Standard & Poor’s and a leading provider of ratings, research and risk services, has signed an agreement to acquire Coalition Development Ltd. (Coalition), a privately-held U.K. analytics company, and its subsidiaries.  Coalition provides high-end analytics to leading global investment banks and other financial services firms.  Coalition will be part of ... Read More »