The Credit Rating Information and Services Ltd (CRISL) has recently been awarded an International Organization for Standardization (ISO) certificate for being compliant with ISO 9001:2015 requirements in credit analysis and risk assessment services.
The certificate was handed over recently by BQC Assessment Private Ltd, a global provider of certification services for various management system standards, says a statement.
The CRISL was established in 1995 and entered into a partnership agreement with Rating Agency of Malaysia (RAM) Berhad and JVC-VIS Credit Rating Company of Pakistan.
The institutions rated by the CRISL include financial institutions such as domestic and foreign banks and insurance companies, corporate houses and small and medium enterprises.
Till date over 30,000 entities and exposures covering almost all the sectors of the economy came under the CRISL rating horizon, the statement added.