Icra In Kuwait Venture

Credit rating agency Icra announced its entry into Kuwait today. The agency also said it was in talks with other Arab nations for extending the technical expertise and was open to picking up stakes in rating agencies in those countries, which allowed foreign participation.

Announcing the first global rating jointly done with the Kuwait-based Credit Rating and Collection Company (CRC), Icra managing director P K Choudhury said the accord with CRC, promoted by the Al-Ahia group, would help in setting up a rating agency in Kuwait, training the personnel and undertake