General Nature of Compensation
Ind-Ra receives fees from issuers, insurers, guarantors, other obligors, and underwriters for rating securities.
In certain cases, Ind-Ra will rate all or a number of issues issued by a particular issuer, or insured or guaranteed by a particular insurer or guarantor, for a single annual fee.
Conflict of Interest in case of Accepted Ratings
Links to Ind-Ra various policies regarding Conflict of Interest are given below:
Ind-Ra Code of Conduct and other policies
Total revenue from ratings services and non-rating services
The total receipts from rating services for the financial year ended 31st March 2021 is Rs. 1,341,180,866. Ind-Ra does not provide non-rating services to any issuer in India.
Issuer wise percentage share of non-rating income to
the total revenue
Ind-Ra does not provide non-rating services to any issuer in India.
Issuers contributing more than 10% of Total Revenue
No Issuer is contributing more than 10% of India Rating's total revenue.