Monday, November 15, 2010

ICRA LAUNCHES EQUITY RESEARCH SERVICES

Credit Rating Agency (ICRA) launched its equity research service, through its wholly-owned
subsidiary, ICRA Online. The assessments by the agency will not specify any target price for the
shares evaluated, but will look into two key factors - Fundamental earning quality or fundamental
grade and relative valuation or valuation grade. The fundamental grades are on a five-point scale,
with 5 being the highest grade and one the lowest.

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