CARE Ratings 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.
The pact will provide a broad analytical framework within which CARE Ratings will be involved in conducting Rating/Grading exercises for companies. The information will be useful for investors to make an informed decision in regards to the attractiveness of a specific company and its potential risk. CARE Ratings Managing Director & CEO DR Dogra said: “I am happy to announce that 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.”
Rajesh Dubey, one of the early believers & shareholder of GREX, and Founder & ex-CEO of a credit rating firm SMERA, added: “For GREX investor is the focal point. Through GREX-CARE grading of issue/issuer, GREX aims to provide maximum information on the sustainability of business to the investors.”