ABOUT US

Association of Indian Rating Agencies was incorporated on May 15, 2021, as a Section 8, not-for-profit company. AIRA has been formed with the objectives of enhancing industry standards and representing the collective viewpoint of Indian credit rating agencies before key stakeholders, including Securities and Exchange Board of India, Reserve Bank of India, Ministry of Finance and its Departments, Parliamentary Committees, and other government and regulatory forums.

SEBI communications addressed to AIRA are disseminated to all CRAs, ensuring transparency and uniform awareness across the industry. AIRA plays a pivotal role in advancing key initiatives on behalf of the rating industry.

Some notable developments achieved through its engagement with and due to the active involvement & guidance of SEBI include:

  • Establishing standardized treatment for non-payment of debt in exceptional circumstances beyond an issuer’s control.
  • Alignment of operational timelines with working days to streamline regulatory processes.
  • Developing a common framework across CRAs for reporting data related to listed debt securities.
  • Revision of the Standard Operating Procedure for Monitoring Agency activities.

AIRA also works to promote best practices by facilitating knowledge sharing within the industry.

AIRA will continue to serve as a platform for credit rating agencies, fostering collaboration, transparency, and the consistent application of high operational standards across the industry.

B K Bajaj
Chief Executive Officer, INFOMERICS Valuation and Rating Private Limited

Mr. Bajaj is former General Manager - Chief Risk Officer (CRO) of Canara Bank. Mr. Bajaj is a B.Com (Hons) - Delhi University, CAIIB – Part I, and has 38 years of unblemished banking service including 10 years in top management with excellent track record for implementing controls, increasing efficiency and effectiveness of the Credit Risk, Market Risk, Operation Risk Management, team management and relationship.

Revati Kasture
Executive Director, CARE Ratings Limited

Revati Kasture currently serves as an Executive Director, Business Development at CARE Ratings. Ms Kasture has over two decades of experience in ratings and research. At the organisation, she has developed a reputation for excellence and has handled diverse functions. Heading the criteria and quality control function at CareEdge for the last three years, she has also worked as the profit centre head in her previous roles at the organisation. An all-India merit holder Chartered Accountant and Cost Accountant, she was bestowed with the Professional Achiever-Woman award by the Institute of Chartered Accountants of India in December 2011 and recognised as one of India’s top 100 “Women in Finance” in the Leading Category in March 2019. Passionate about teaching, she is also on the Advisory Board of Symbiosis Institute of Banking and Finance, Pune.

Antony Jose
Director & Chief Rating Officer, Acuite Ratings & Research Limited

As the Chief Rating Officer, Acuite Ratings & Research Limited, Antony is responsible for governance processes and adherence to extant regulatory guidelines. He is in charge of rating committees, rating administration and investor outreach. Antony has an overall work-experience of two decades, spanning roles in Business Development, Rating Operations, and Regulatory Compliance. Prior to Acuité, he worked with CRISIL, and edutech start-ups like iDiscoveri (XSEED). He is a Post Graduate in Business Management from S P Jain Institute of Management Research (SPJIMR), Mumbai. Antony likes to read, watch movies and swim.