CareEdge Global

CareEdge is a knowledge-based analytical group offering services in Credit Ratings, Analytics, Consulting and Sustainability. Established in 1993, the parent company CARE Ratings Ltd (CareEdge Ratings) is India’s second-largest rating agency, with a credible track record of rating companies across diverse sectors and strong position across the segments. The wholly-owned subsidiaries of CareEdge Ratings are (I) CARE Analytics & Advisory Private Ltd (II) CARE ESG Ratings Ltd. and (III) CareEdge Global IFSC Ltd. CareEdge Ratings’ other international subsidiary entities include CARE Ratings (Africa) Private Ltd in Mauritius, CARE Ratings South Africa (Pty) Ltd, and CARE Ratings Nepal Ltd. For more information: www.careedge.in.

About CareEdge

Global CareEdge Global IFSC Limited (CareEdge Global) is a full-service Credit Rating Agency (CRA) with a mission of Empowering Global Capital Market Participants through Unrivalled Insights and Expertise. CareEdge Global commenced operations in October 2024 following the receipt of a license from the International Financial Services Centres Authority (IFSCA) to undertake sovereign and global scale credit ratings. This marked the entry of an Indian credit rating agency into a segment traditionally dominated by institutions based in developed markets. CareEdge Global has been recently included as an eligible International Credit Rating Agency by the Reserve Bank of India in its Basel related circular for capital risk weighting purposes.

At launch, CareEdge Global published sovereign ratings for 39 countries, encompassing a diverse mix of advanced and emerging economies across Africa, the Americas, Asia, and Europe. These ratings were assigned using a proprietary methodology developed after extensive consultation with multilateral institutions, central banks, financial regulators, investors, and both corporate and government issuers. The methodology has been back-tested and incorporates distinct analytical drivers that differentiate it from existing global frameworks. All ratings—sovereign and corporate—are assigned by an External Rating Committee comprising professionals with experience in global rating agencies, multilateral institutions, academia, and public policy. This structure is intended to ensure analytical rigor and independence in the rating process. The company completed its first solicited rating mandate within a month of commencing operations and has till June 30, 2025 assigned public and private ratings to over 10 entities with rated debt of USD 3 bn, demonstrating procedural readiness and the robustness of its rating methodology.