Rating Methodology, Scales and Definitions


CARE Ratings (Africa) Pvt. Ltd. is committed to the establishment of the highest standards of professional quality and integrity. In line with this, CRAF has constituted its Rating Committee with members comprising officials from CARE Ratings Limited, India (CARE Ratings) and panel of experts from Mauritius to ensure valuable inputs about the economy, industry and corporate environment in Mauritius are available to the Rating Committee. The Rating Committee members of CRAF are as under:

Mr.T.N.Arun Kumar- Executive Director and Chief Ratings officer of CARE Ratings
Mr. Milind Gadkari - Senior Director CARE Ratings
Ms. Revati Kasture- Senior Director CARE Ratings
Mr. Ranjan Sharma- Associate Director CARE Ratings
Mr. Mitul Budhbhatti - Associate Director CARE Ratings
Mr. Mahendra Vikramdass Punchoo- Former Second Deputy Governor of Bank of Mauritius
Ms. Aruna Radhakeesoon- Executive Director of Rogers and Company Ltd
Mr. Vipin Mahabirsingh- Managing Director in Central Depository & Settlement Co Ltd.
Dr. Soumendra K. Dash- Principal Credit Risk Officer, African Development Bank Group
Mr. Saurav Chatterjee - CEO, CRAF

In case any of the panel of experts from Mauritius is associated with the rated entity, leading to conflict of interest, the member will not participate in the rating process and in the Rating Committee meeting.

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