CARE Ratings Limited, formerly Credit Analysis and Research Limited, is a credit rating agency. The Company is engaged in providing financial services other than securities dealing activities. The Company's segments include Ratings and related services, and Others. The Company's grading products include EQUIGRADE, MFI Grading, Real Estate Star Rating, Edu-Grade, REIT Rating, RESCO Grading, ESCO Grading, IPO Grading, ITI Grading, Shipyard Grading, Construction Grading and Maritime Grading. The Company serves various market segments, such as corporates, including debt ratings, bank loan ratings and issuer ratings; financial sector, including credit quality ratings and capital protection oriented scheme ratings; public finance, including assessment of the credit quality of states and local bodies, and Project Finance. Its offerings for small and medium enterprises (SME) include SME Ratings, Bank Loan Ratings, Channel Partner Evaluation, SME Fundamental Grading and Due Diligence Service.