CRISIL Announces Audited Financial Results for the Financial Year Ended December 31, 2009

CRISIL Announces Audited Financial Results for the Financial Year Ended December 31, 2009

CRISIL also launched a unique publication-India’s Top 50 Microfinance Institutions. In order to provide a direction to the markets on the outlook on credit quality, CRISIL introduced CreditAlerts, a new tool to highlight the impact of sharp and rapid trends on credit quality in specific sectors.

CRISIL Ratings maintained its focus on outreach initiatives for building strong relationships with issuers, investors, regulators, and other market participants.

Operations for Standard & Poor’s (S&P) in CRISIL’s Global Analytical Centre (GAC), have progressed well. During the year, it also improved operational efficiencies through process re-engineering and automation to reduce delivery costs.

Irevna maintained its leadership in the high-end financial research and analytics outsourcing business. Despite the turmoil in the global financial sector, Irevna increased key accounts, acquired several new strategic clients, expanded service offerings and client segments, added clients in new verticals, and widened its business development footprint. Its international delivery centre in Buenos Aires performed well in the year, and its new delivery centre in Wroclaw has begun providing services to clients.

CRISIL Research launched independent equity research services, a pioneering move in India, to provide investors with top-quality, independent research on listed Indian companies. CRISIL Research also published reports on the real estate, infrastructure, and logistics industries, and on the capital expenditure plans of Indian companies, and graded many initial public offerings. CRISIL Fund Services received a prestigious mandate to assist Pension Fund Regulatory and Development Authority (PFRDA), India’s pension funds regulator, in framing regulations for the New Pension Scheme.

CRIS expanded its global footprint and won several prestigious international mandates. In a landmark assignment, CRIS worked with the Ministry of Home Affairs in developing a public-private partnership model for developing housing for India’s paramilitary forces. CRISIL Risk Solutions (CRS), a division of CRIS, won several assignments including a mandate to set up an enterprise risk framework for an infrastructure finance company in Africa. CRS also worked with S&P Risk Solutions for delivering solutions to clients in the Asia Pacific.

Concluded.

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