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ICRA Limited, established in 1991 by leading financial and investment institutions, commercial banks, and financial services companies, operates as an independent credit rating agency in India. It provides credit ratings for various debt instruments such as corporate bonds, structured finance, and infrastructure projects. In addition to credit ratings, the company offers investment information, analytical solutions, management consulting, outsourcing, and information services. ICRA serves industries including credit rating, investment information, financial services, and capital markets. It functions as an affiliate of Moody's Ratings, contributing to its role in the Indian financial sector.