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Mumbai , March 25

CRISIL, the rating agency, on Thursday announced the acquisition of nine per cent equity stake in the Caribbean Information and Credit Rating Agency Ltd.

The Caribbean agency offers rating and other services to 19 countries including the Bahamas, Barbados, Suriname and others, said a Crisil release.

Crisil paid $300,000 for the stake acquisition. Mr Ravimohan, MD and CEO, has joined the board of the acquired company. "This marks an important landmark in Crisil's international initiatives in the ratings business," he said.

More Stories on : Mergers & Acquisitions | Credit Rating

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