Yes. PPFAS do have a small position in ICRA. I have been a unit holder of them since their inception in 2013. But when it comes to rating agencies, CARE is definitely undervalued at present. Please check my small write-up on the same on the CARE thread.
Disclosure - Invested in both CRISIL & CARE ( from 550 levels)
regards,
dr.vikas
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• Financial System Fragility
• Heightened activity in alternatives and deployment of private capital
• Continued spends on regulatory requirements, risk management & business transformation
• Increasing government capex continued to support investment drive in corporate and MSME growth.
• Higher corporate bond issuances, robust bank credit growth driving bank loan ratings
• Indian GDP expected to grow at 6% in fiscal 24 with risk tilted to the downside
• Growth is seen in all businesses amid global concerns.
• CRISIL’s expertise in infrastructure consulting being leveraged in other developed nations in Asia and Africa
• Increased demand for indexing products and research insights that deliver alpha through digital platforms.
• The company focuses on de-risking its ratings business and protecting margins.
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