Multiple choice

Indian Credit Rating Agency (ICRA) became the first Indian company to foray into the European market. It started its European venture from

  1. Spain

  2. Romania

  3. Bulgaria

  4. Sweden
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

ICRA (Investment Information and Credit Rating Agency of India) expanded its international footprint by establishing a subsidiary in Bulgaria. This move made it the first Indian credit rating agency to enter the European market. The venture aimed to provide credit rating and risk management services in the emerging economies of Eastern Europe.

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