CARE Ratings is India’s second-largest credit rating firm in terms of ratings income for FY12. CARE’s total income and profit after tax CAGR during FY08-12 were 41% and 44.3%, respectively. RoE was 30.7% in FY12, and we see it in the high 20s for the next three years.
The key drivers for the CARE’s Revenues are – 1) India’s macroeconomic (more…)