Positive impactSector
Two yrs on in GIFT City, CareEdge Global to expand ratings coverage to 100 countries
BusinessLine 57 min ago·8 Oct 2026, 10:43 am
CareEdge Global Ratings has announced a significant expansion of its international operations, aiming to extend its sovereign credit ratings coverage to 100 countries. This move follows the launch of its global ratings arm in October 2024, which had initially covered 39 nations. The initiative is being executed through the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City).
This expansion is a strategic step for CareEdge, positioning it to compete more effectively with global rating agencies. It allows the company to tap into a wider range of markets, offering international investors a more comprehensive view of sovereign creditworthiness. For investors, this signals growing confidence in India's financial infrastructure and its role as a global hub for financial services.
Investors should monitor the pace of this rollout and the specific countries added to the portfolio. The success of this expansion will depend on CareEdge's ability to secure mandates and gather data in diverse markets. It also highlights the growing importance of GIFT City as a gateway for international financial activities.
Excerpt from BusinessLine
CareEdge Global plans to add more than 55 sovereigns to its coverage, taking the number of countries it rates to around 100, as the two-year-old agency in GIFT City looks to expand beyond emerging markets and into developed economies, MD and Group CEO Mehul Pandya said. The expansion would significantly widen the…Read the original at BusinessLine
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