Crisil CEO emphasizes ratings based on audited information

Crisil CEO Amish Mehta stated that rating agencies rely on audited information from companies and auditors, not forensic accounting. He emphasized that stock price changes do not always require agency responses unless a material event occurs. Mehta noted that Crisil issues statements within seven days of significant events. He explained that the agency evaluates the impact on credit profiles, which may take time, and clarified that sharp rating actions are now better defined by regulators. Crisil is exploring AI for rating models but prioritizes accuracy due to regulatory requirements. Mehta also discussed factors contributing to India's expected economic growth, including reduced food inflation and government investment.