Care Ratings, the second largest credit rating agency in India in terms of rating income, has entered into an agreement with GREX Alternative Investments Market, a seamlessly integrated exchange-like platform to assess and grade startups and SMEs registered on GREX.

This agreement will provide a broad analytical framework within which Care Ratings will be involved in conducting rating/grading exercises for companies to enable investors to make an informed decision in regards to the attractiveness of a specific company and its potential risk.

D. R. Dogra, managing director and cheif executive officer, Care Ratings said, “Care will be the first rating agency to grade/rate securities of high growth, unlisted companies registered on GREX. The grading/rating would be done keeping in mind the expectations of various market participants and nuances of the high growth companies in consideration.”

Elaborating on the association of GREX with Care Ratings and their pact, GREX co-founder and chief executive officer Manish Kumar said, “This association aims to bring a huge amount of objectivity and investments in private companies, further strengthening the basic tenet of transparency propagated by GREX.”