"Icra to launch credit rating in Turkey by May
Pradeep Gooptu in Kolkata | January 28, 2005 10:11 IST
Icra Ltd, which recently signed a memorandum of understanding with Turkey's First Turkish Credit Rating Agency to set up Turkey's first credit rating agency, expects to get necessary clearances from Turkey's Securities and Exchanges Commission to begin operations by May of this year.
Icra will depute two or three executives and organise training programmes for FTCRA staff covering theoretical and practical aspects of credit rating of various types of debt instruments, besides the methodology for analysing and evaluating businesses and institutions, their financials, and their credit worthiness, Icra managing director P K Choudhury said in Kolkata on Thursday."
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