Do rating companies undertake unsolicited ratings?
Not in India, at least not yet. There is however, a good case for undertaking unsolicited ratings. It will be relevant to mention here that any rating based entirely on published information has serious limitations and the success of a rating agency will depend, to a great extent, on its ability to access privileged information. Co-operation from the issuers as well as their willingness to share even confidential information are important pre-requisites. On its part, the rating agency has a great responsibility to ensure confidentiality of the sensitive information that comes into its possession during the rating process.
