The Central Bank of India was the first Indian commercial bank to be entirely owned and operated by Indians (1911). A credit rating is a credit agency's assessment of an entity's (government, corporation, or individual) ability and desire to meet its financial commitments in full and on time. A credit score also indicates the possibility of a debtor defaulting. It also represents the credit risk associated with a debt instrument, such as a loan or a bond issuance. A credit agency assesses a debtor's creditworthiness by examining the entity's qualitative and quantitative characteristics. External information, such as analyst reports, published news stories, general industry analysis, and projections, may be used to supplement internal information provided by the company, such as audited financial statements and annual reports. A credit agency is not involved in the deal's transaction and is thus expected to give an independent and unbiased assessment of the credit risk faced by a company seeking to acquire funds through loans or bond issuance.

Shikha Bharti

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