CARE Ratings Limited has informed the Exchange about General Updates

Regulatory Product ApprovalBusiness Updates View source PDF Explain this filing

CARERATING · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹1785.10

prior close

₹1791.20

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.2% vs market

Capital Markets peers, median of 53sector · industry level-1.1%+0.8% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.8 pts more than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.3

15m

-0.5

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-0.5+0.2-1.1+0.8

Next day

+3.0-0.4+3.4-0.4+3.4

+3.9+0.9+3.0+0.0+3.9

+1.2+1.3-0.1+0.6+0.6

+0.4+1.6-1.3+0.9-0.6

-0.6+1.1-1.7+0.2-0.9

+1.6+0.9+0.7-0.1+1.7

15d

-6.5-3.3-3.2-4.4-2.1

-6.7-5.1-1.6-6.2-0.5

-8.7-2.3-6.4-7.9-0.8

-15.8-3.9-11.9-7.1-8.6

UpDownMarket · Nifty Microcap 250Sector · Capital Markets peers, median of 53Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Reserve Bank of India has granted accreditation to CareEdge Global IFSC Limited, a wholly owned subsidiary of CARE Ratings, as an External Credit Assessment Institution (ECAI). This means Indian banks can now use ratings assigned by CareEdge Global to determine risk weights on claims involving non-resident corporates based out of the International Financial Services Centre (IFSC). Standard rating-risk weight mapping has been provided, ranging from 20% for AAA ratings to 150% for BB and below. Previously, only three international agencies (Fitch, Moody's, S&P) were allowed for this purpose, and CareEdge Global becomes the first domestic entity to receive this recognition.

Likely market impact

This is a positive development as it opens a new revenue stream for CARE Ratings' subsidiary by enabling it to rate IFSC-based non-resident corporates, strengthening its position beyond domestic ratings and aligning it with global peers.