Fitch/Ram rating is compulsory?

summa · 1 Fitch/Ram rating is compulsory? Thu Sep 12, 2013 10:03 pm

summa

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Is it a mandatory requirement to obtain a rating to the Bank or Finance company?

Roboticfx · 2 Re: Fitch/Ram rating is compulsory? Thu Sep 12, 2013 10:18 pm

Roboticfx

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Yes, As I know. Normally, financial institutes get Fitch rating and banks get RAM rating. I think Fitch Rating is better.

It is compulsory to rate and display rating at company premises also.

summa · 3 Re: Fitch/Ram rating is compulsory? Fri Sep 13, 2013 8:03 am

summa

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As per my knowledge Kanrich Finance has no rating. I checked with RAM & FITCH rating web sites.No evidence found.

K.Haputantri · 4 Re: Fitch/Ram rating is compulsory? Fri Sep 13, 2013 8:13 am

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I think its compalsary for listed finance companies only. I dnt know wheher Kenrich is listed?

salt · 5 Re: Fitch/Ram rating is compulsory? Fri Sep 13, 2013 12:29 pm

salt

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The thing is when rating is obtained, it need not to publish.
If the rating is published, ratings auctioned is announced in public. They being private institutions and their reputation is their assets, they will take quick action if agency can foresee trouble.

So far, both institutions look professional in their conduct, but i feel Fitch has superior technical capability as their part of global network which allow them to share knowledge. Further, technical skill of staff @ Fitch is notably better in terms of experience & qualification.