A STUDY ON ROLE AND FUNCTIONS OF CREDIT RATING
AGENCY IN INDIA
A Project Submitted to
University of Mumbai for partial completion of the degree of
Bachelor in Commerce (Accounting and Finance)
Under the Faculty of Commerce
By
SHRAVAN RAJESH AVHAD
Seat No. 2099888
Under the Guidance of
Prof. Mrs. Kavita S. Dangle
Gokhale Education Society’s
Shri Bhausaheb Vartak Arts, Commerce & Science College
Gokhale Mahavidyalay Marg, Off Gorai Road, Near MHB Colony, Borivali (W),
Mumbai- 400 091
March 2023
Certificate
i
Declaration by learner
I the undersigned Miss/Mr. Shravan Rajesh Avhad here by, declare that the
work emboiled in this project work titled “A study on role and functions of
credit rating agency in India”, forms my own contribution to the research work
carried out under the guidance of Prof. Mrs. Kavita S. Dangle is a result of my
own research work and has not been previously submitted to any other University
of any other Degree/ Diploma to this or any other University.
Wherever reference has been made to previous works of others, it has been clearly
indicated as such and included in the bibliography.
I, here by further declare that all information of this document has been obtained
and presented in accordance with academic rules and ethical conduct.
Your signature
Shravan Rajesh Avhad
Certified by,
Prof. Mrs. Kavita S. Dangle
ii
Acknowledgment
To list who all have helped me is difficult because they are so numerous and the
depth is so enormous.
I would like to acknowledge the following as being idealistic channels and fresh
dimensions in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance
to do this project.
I would like to thank my I/c Principal, Dr. S. B. Karande for providing the
necessary facilities required for completion of this project.
I take this opportunity to thank our Coordinator, Prof. Mrs. Kavita S. Dangle
for her moral support and guidance.
I would like to express my sincere gratitude towards my project guide Prof. Mrs.
Kavita S. Dangle whose guidance and care made the project successful.
I would like to thank my College Library, for having provided various reference
books and magazines related to my project.
Lastly, I would like to thank each and every person who directly or indirectly
helped me in the completion of the project especially my Parents and Peers who
supported me throughout my project.
iii
INDEX
Chapter Chapter Name Page
No. No.
Certificate i
Declaration ii
Acknowledgement iii
1 Introduction 1 to 48
1.1 Selection & Relevance of the problem
1.2 Historical background
1.3 Brief Profile of the Study Area
1.4 Definitions
1.5 Characteristics
2 Research Methodology 49 to 52
2.1 Objectives of the Study
2.2 Hypothesis
2.3 Scope of the Study
2.4 Limitation of the Study
2.5 Significance of the Study
2.6 Selection of the problem
2.7 Sample size
2.8 Data collection
2.9 Tabulation of data
2.10 Techniques and Tools to be used
3 Literature Review 53 to 56
4 Data Analysis, Interpretation and Presentation 57 to 77
5 Conclusion and Suggestions 78
Bibliography 79