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Issuer Credit Rating Services
Independent creditworthiness assessment for corporates and institutions.
Learn More →Independent credit rating agency
Unlock your company's credit potential with us
Make informed decisions and maximise your global credit potential with independent credit rating, audit and credit research insights.
About ICRA
Global leader in credit rating, audit, and credit research.
ICRA Rating Agency Limited is one of the fastest-growing companies providing credit rating services. With a presence across Europe, Africa, and Southeast Asia, we provide the information, tools, and expertise to help customers make confident decisions and mitigate commercial risk.
Our Mission
An agency that serves all business categories, from small and medium to large enterprises, with customer-centric relationships, enhanced business profiles, and global business connectivity.
Our Vision
ICRA's long-term vision is to become one of the most credible rating agencies in the financial world, responding to the needs of organisations throughout Africa.
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Rating Benefits
Why a credit rating matters
Credit ratings help businesses demonstrate transparency, improve investor confidence and support access to capital.
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Establish a positive reputation in the market as an entity that is financially stable and reliable.
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Enable business expansion through access to capital for investment projects and other forms of expansion.
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Prove commitment to financial health and responsible management, supporting investor trust.
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Access wider financing options and terms that help manage cash flow and capital structure.
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Meet regulatory obligations where a credit rating is required for licences, approvals or market access.
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Create opportunities for partnerships, alliances, joint ventures and investor relationships.
ICRA Scorecard
Initial risk profiling for retail and corporate borrowers
ICRA Scorecard is a comprehensive tool for assessing initial risk profiles of both retail customers and corporate clients seeking credit and borrowing services.
Retail CustomersCorporate ClientsRisk ScreeningCredit Teams
Our Services
Credit rating and risk assessment solutions
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Portfolio Rating Services
Detailed assessment of portfolio quality and credit risk.
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Bank Loan Rating
Assessment of bank facilities and repayment capacity.
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Investors Services
Independent credit research and risk insights for investors.
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ESG Rating
Assessment of environmental, social and governance performance.
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ICRA Scorecard
Risk scorecard for retail and corporate credit assessment.
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Reports & Insights
Latest reports, methodologies and rating resources
Sample Report
Corporate Rating Sample Report
View Report →Sample Report
Credit Recommendation Report
View Report →Sample Report
ESG Rating Sample Report
View Report →Sample Report
FI Sample Report
View Report →Sample Report
Insurance / Reinsurance Sample Report
View Report →Sample Report
MFI Sample Report
View Report →Meet Our Team Members
Leadership team
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Sahil Bansal
Experienced in sales, marketing and business development, with a focus on building rating relationships across African markets.
Javela Macalalad
Experienced in client relations, operations and customer management, supporting relationship-led service delivery.
Featured Highlights
Credit rating insights and market perspectives
Leading Credit Rating Agency in Africa 2026?
Africa’s financial environment is growing at a stable pace, with more countries and businesses looking for structured ways to build credit credibility.
Read More →Zambia’s Economic Growth Outlook Strengthens
A timely opportunity to deepen credit rating penetration and improve investor confidence in the Zambian market.
Read More →How Credit Ratings Open Doors
Credit ratings can support access to capital, partnerships, investor confidence and better financing discussions.
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