{"id":30267,"date":"2024-10-04T07:08:00","date_gmt":"2024-10-04T07:08:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4522684_AE22684_0"},"modified":"2024-10-04T07:08:00","modified_gmt":"2024-10-04T07:08:00","slug":"careedge-announces-entry-into-global-scale-ratings-with-launch-of-sovereign-ratings-for-39-countries","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=30267","title":{"rendered":"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2522968\/4950106\/CGRL_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li><i>First Indian credit rating agency to enter the Global Scale Ratings with launch of CareEdge Global IFSC Ltd.<\/i><\/li>\n<li><i>Unveiled CareEdge Report on Sovereign Ratings of Global Economies<\/i><\/li>\n<\/ul>\n<p><span class=\"xn-location\">MUMBAI, India<\/span>, <span class=\"xn-chron\">Oct. 4, 2024<\/span> \/PRNewswire\/ &#8212; CareEdge Ratings, <span class=\"xn-location\">India&#8217;s<\/span> leading credit rating agency, today announced that it has become the first Indian credit rating agency to enter the Global Scale Ratings space, through its subsidiary, CareEdge Global IFSC Limited.<\/p>\n<p>CareEdge has unveiled a report on Sovereign Ratings of Global Economies, releasing sovereign ratings of 39 countries in a mega event held at GIFT City, Gandhinagar, <span class=\"xn-location\">India<\/span>. Many eminent personalities from regulators, corporates and policy makers were present during the launch, including <span class=\"xn-person\">Shri K.V. Kamath<\/span> \u2013 renowned corporate leader in <span class=\"xn-location\">India<\/span>, <span class=\"xn-person\">Shri Ashish Kumar Chauhan<\/span> \u2013 MD &amp; CEO, NSE, and <span class=\"xn-person\">Shri Sanjeev Sanyal<\/span> \u2013 Member, Economic Advisory Council to Prime Minister.<\/p>\n<p>In its first sovereign rating action, CareEdge Global has assigned the following ratings to 39 countries: AAA to <span class=\"xn-location\">Germany<\/span>, <span class=\"xn-location\">Netherlands<\/span>, <span class=\"xn-location\">Singapore<\/span> and <span class=\"xn-location\">Sweden<\/span>; AA+ to <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">Canada<\/span> and <span class=\"xn-location\">USA<\/span>; AA- to <span class=\"xn-location\">France<\/span>, <span class=\"xn-location\">Japan<\/span>, Korea, UAE and UK; A+ to <span class=\"xn-location\">Portugal<\/span>, A to <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">Spain<\/span>; A- to <span class=\"xn-location\">Chile<\/span>, <span class=\"xn-location\">Malaysia<\/span> and <span class=\"xn-location\">Thailand<\/span>; BBB+ to <span class=\"xn-location\">Botswana<\/span>, <span class=\"xn-location\">India<\/span> and <span class=\"xn-location\">Philippines<\/span>; BBB to <span class=\"xn-location\">Indonesia<\/span>, <span class=\"xn-location\">Italy<\/span> and <span class=\"xn-location\">Mauritius<\/span>; BBB- to <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Morocco<\/span> and <span class=\"xn-location\">Peru<\/span>; BB+ to <span class=\"xn-location\">Brazil<\/span>, Columbia, <span class=\"xn-location\">Greece<\/span> and <span class=\"xn-location\">Vietnam<\/span>; BB to <span class=\"xn-location\">South Africa<\/span> ; B+ to <span class=\"xn-location\">Turkey<\/span>; B to <span class=\"xn-location\">Nigeria<\/span>; B- to <span class=\"xn-location\">Ecuador<\/span> and <span class=\"xn-location\">Egypt<\/span>; CCC+ to <span class=\"xn-location\">Bangladesh<\/span>; CCC to <span class=\"xn-location\">Argentina<\/span> and D to <span class=\"xn-location\">Ethiopia<\/span>.<\/p>\n<p>Speaking on the occasion, <b><span class=\"xn-person\">Mehul Pandya<\/span> MD &amp; Group CEO, CareEdge said<\/b>, <i>&#8220;This is a significant milestone for us in our journey towards becoming a global knowledge-based institution. As <span class=\"xn-location\">India&#8217;s<\/span> economic influence grows, it is both timely and appropriate for an Indian company to enter this domain. CareEdge Ratings brings with it a nuanced understanding of emerging economies &#8211; a perspective that is invaluable in today&#8217;s complex global economic environment. We are convinced that it is very important to have transparency in methodology of sovereign ratings, particularly in assessing the growth potential and investment needs of economies. This reflects in the ratings assigned by us. We are conscious of the responsibility that comes with our entry into this space and are fully committed to provide independent and unbiased opinion.&#8221;<\/i><\/p>\n<p>CareEdge Sovereign Ratings methodology involves analysis under five broad pillars to determine a sovereign&#8217;s creditworthiness. These pillars are Economic Structure &amp; Resilience (25% weightage), Fiscal Strength (25% weightage), External Position &amp; Linkages (16.67% weightage), Monetary &amp; Financial Stability (16.67% weightage), and Institutions &amp; Quality of Governance (16.67% weightage). The assessment of each of these pillars is based on the consideration of historical, current as well as expected future trends.<\/p>\n<p><b><span class=\"xn-person\">Rajani Sinha<\/span>, Chief Economist, CareEdge Ratings<\/b>&nbsp;said, <i>&#8220;Our methodology is robust and aptly captures the nuances of developed and emerging economies, even while applying &nbsp;consistent thresholds across countries. This rating assigned using our methodology will aid investors and enhance the diversity of opinions about various countries.&#8221;<\/i><\/p>\n<p>The entire report on Sovereign Ratings of Global Economies can be accessed at <a href=\"http:\/\/www.careedgeglobal.com\/\" target=\"_blank\" rel=\"nofollow noopener\">www.careedgeglobal.com<\/a><\/p>\n<p><b><u>About CareEdge Ratings<\/u><\/b><\/p>\n<p>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 <span class=\"xn-location\">India&#8217;s<\/span> second-largest rating agency, with a credible track record of rating companies across diverse sectors and holding leadership positions in high-growth sectors such as BFSI and Infra. The wholly-owned subsidiaries of CareEdge Ratings are (I) CARE Analytics &amp; Advisory Private Ltd. (previously known as CARE Risk Solutions Pvt. Ltd.), and (II) CARE ESG Ratings Ltd, (previously known as CARE Advisory Research and Training Ltd.). Besides CareEdge Global IFSC Ltd., CareEdge Ratings&#8217; other international subsidiaries entities include CARE Ratings Africa (Private) Limited in <span class=\"xn-location\">Mauritius<\/span>, CARE Ratings South Africa Pty. Ltd, and CARE Ratings Nepal Limited.<\/p>\n<p><b><u>For further details, contact:<br \/><\/u><\/b>Tayyab Imadi&nbsp;<br \/>+91 99672 12492&nbsp;<br \/><a href=\"mailto:tayyab@whitemarquesolutions.com\" target=\"_blank\" rel=\"nofollow noopener\">tayyab@whitemarquesolutions.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Indian credit rating agency to enter the Global Scale Ratings with launch of CareEdge Global IFSC Ltd. Unveiled CareEdge Report on Sovereign Ratings of Global Economies MUMBAI, India, Oct. 4, 2024 \/PRNewswire\/ &#8212; CareEdge Ratings, India&#8217;s leading credit rating agency, today announced that it has become the first Indian credit rating agency to enter [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-30267","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=30267\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries - My Blog\" \/>\n<meta property=\"og:description\" content=\"First Indian credit rating agency to enter the Global Scale Ratings with launch of CareEdge Global IFSC Ltd. Unveiled CareEdge Report on Sovereign Ratings of Global Economies MUMBAI, India, Oct. 4, 2024 \/PRNewswire\/ &#8212; CareEdge Ratings, India&#8217;s leading credit rating agency, today announced that it has become the first Indian credit rating agency to enter [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=30267\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-04T07:08:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2522968\/4950106\/CGRL_Logo.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries\",\"datePublished\":\"2024-10-04T07:08:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267\"},\"wordCount\":639,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2522968\\\/4950106\\\/CGRL_Logo.jpg?p=medium600\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267\",\"name\":\"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries - My Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2522968\\\/4950106\\\/CGRL_Logo.jpg?p=medium600\",\"datePublished\":\"2024-10-04T07:08:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2522968\\\/4950106\\\/CGRL_Logo.jpg?p=medium600\",\"contentUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2522968\\\/4950106\\\/CGRL_Logo.jpg?p=medium600\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30267#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\",\"name\":\"My Blog\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\",\"name\":\"admin_tony\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"caption\":\"admin_tony\"},\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?author=8\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries - My Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/transmediavictoria.net.au\/?p=30267","og_locale":"en_US","og_type":"article","og_title":"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries - My Blog","og_description":"First Indian credit rating agency to enter the Global Scale Ratings with launch of CareEdge Global IFSC Ltd. Unveiled CareEdge Report on Sovereign Ratings of Global Economies MUMBAI, India, Oct. 4, 2024 \/PRNewswire\/ &#8212; CareEdge Ratings, India&#8217;s leading credit rating agency, today announced that it has become the first Indian credit rating agency to enter [&hellip;]","og_url":"https:\/\/transmediavictoria.net.au\/?p=30267","og_site_name":"My Blog","article_published_time":"2024-10-04T07:08:00+00:00","og_image":[{"url":"https:\/\/mma.prnasia.com\/media2\/2522968\/4950106\/CGRL_Logo.jpg?p=medium600","type":"","width":"","height":""}],"author":"admin_tony","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin_tony","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/transmediavictoria.net.au\/?p=30267#article","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/?p=30267"},"author":{"name":"admin_tony","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"headline":"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries","datePublished":"2024-10-04T07:08:00+00:00","mainEntityOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=30267"},"wordCount":639,"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=30267#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnasia.com\/media2\/2522968\/4950106\/CGRL_Logo.jpg?p=medium600","articleSection":["Business News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/transmediavictoria.net.au\/?p=30267","url":"https:\/\/transmediavictoria.net.au\/?p=30267","name":"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries - My Blog","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=30267#primaryimage"},"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=30267#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnasia.com\/media2\/2522968\/4950106\/CGRL_Logo.jpg?p=medium600","datePublished":"2024-10-04T07:08:00+00:00","author":{"@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"breadcrumb":{"@id":"https:\/\/transmediavictoria.net.au\/?p=30267#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/transmediavictoria.net.au\/?p=30267"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/transmediavictoria.net.au\/?p=30267#primaryimage","url":"https:\/\/mma.prnasia.com\/media2\/2522968\/4950106\/CGRL_Logo.jpg?p=medium600","contentUrl":"https:\/\/mma.prnasia.com\/media2\/2522968\/4950106\/CGRL_Logo.jpg?p=medium600"},{"@type":"BreadcrumbList","@id":"https:\/\/transmediavictoria.net.au\/?p=30267#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/transmediavictoria.net.au\/"},{"@type":"ListItem","position":2,"name":"CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries"}]},{"@type":"WebSite","@id":"https:\/\/transmediavictoria.net.au\/#website","url":"https:\/\/transmediavictoria.net.au\/","name":"My Blog","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/transmediavictoria.net.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7","name":"admin_tony","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","caption":"admin_tony"},"url":"https:\/\/transmediavictoria.net.au\/?author=8"}]}},"_links":{"self":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/30267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30267"}],"version-history":[{"count":0,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/30267\/revisions"}],"wp:attachment":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}