About the Company
CARE Ratings South Africa (Pty) Limited (CareEdge South Africa) was incorporated in 2023 to provide credit ratings and related services in South Africa.
CARE SA is a wholly owned subsidiary of CARE Ratings Africa (Private) Limited (CareEdge Africa), which is a part of CareEdge Group based in India. In October 2024 CareEdge South Africa received its licence from the Financial Sector Conduct Authority (FSCA) of South Africa, allowing it to conduct and issue credit ratings for corporate bonds, sovereign ratings, financial institutions, structured finance, and green and sustainability-linked bonds.
CARE SA provides ratings for instruments such as bonds, money-market instruments, structured-finance notes and bank facilities. CareEdge South Africa also provides issuer ratings for banks, corporates, non-bank financial institutions and insurers.
About CareEdge Group
CARE Ratings Ltd. (CareEdge Ratings)
CareEdge Ratings, based out of India and the parent company of the CareEdge group, was incorporated in 1993 and is one of the largest credit rating agencies in India and features amongst the top ten credit rating agencies globally. Since inception, CareEdge Ratings has rated USD 2.5 trillion worth of debt and has undertaken over 95,000 rating assignments which includes ratings of large, mid and small corporates as well as sub-sovereign and state utility companies. Please visit CareEdge website - https://www.careratings.com
CARE Ratings (Africa) Private Limited, To support the development of capital markets in the African Union, CareEdge Group has set up the first rating agency of Mauritius - CARE Ratings (Africa) Private Limited (CareEdge Africa) in 2014, which is licensed by the Financial Services Commission of Mauritius and Capital Markets Authority of Kenya. CareEdge Africa is also recognised by the Bank of Mauritius as External Credit Assessment Institution (ECAI). CareEdge Africa’s shareholders are CARE Ratings, India (CARE Ratings), African Development Bank (AfDB), MCB Equity Fund (MEF) and SBM (NFC) Holdings Limited (SNHL). Please visit CARE Ratings Africa website - https://www.careratingsafrica.com
