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Credit Analysis and Research Ltd. (CARE) is the first credit rating agency recognized
by the Capital Markets Development Autority (CMDA), Maldives to carry out ratings
of debt instruments/facilites in Maldives CARE Maldives's Credit Rating is an opinion
on the relative ability and willingness of an issuer to make timely payments on
specific debt or related obligations over the life of the instrument. CARE Maldives
rates rufiyaa denominated debt of Maldivian companies and Maldivian subsidiaries
of multinational companies. CARE Maldives's ratings are not recommendations to buy/sell
or hold any security. Click here to read more details on CMDA website.
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CARE is a leading credit rating company headquartered in Mumbai, India, promoted
by leading Banks and Financial Institutions (FIs). The three largest shareholders
of CARE are IDBI Bank, Canara Bank and State Bank of India. CARE commenced its operations
in October 1993 and announced its first rating in November 1993. CARE’s ratings
are recognized by Government of India (GoI) and all regulatory authorities in India
including Reserve Bank of India (RBI), and Securities and Exchange Board of India
(SEBI).
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