CARE Ratings, the second largest credit rating agency in India has entered into an agreement with GREX Alternative Investments Market, an integrated exchange-like platform to assess and grade startups and SMEs registered on GREX.

This agreement will provide a broad analytical framework within which CARE Ratings will be involved in conducting rating or 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.

Speaking on the occasion, D R. Dogra, managing director & CEO, CARE Ratings 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 rating would be done keeping in mind the expectations of various market participants and nuances of the high growth companies in consideration.''
 
Manish Kumar, co-founder & CEO, GREX said, ''GREX has been striving to address challenges of credit-worthiness and poor perception of unlisted companies. This association aims to bring a huge amount of objectivity and investments in private companies, further strengthening the basic tenet of transparency propagated by GREX.''