Credit Bureau and Credit Rating Agency are distinctly different. The only similarity is the six letter word “CREDIT”.
Credit Bureau |
Credit Rating Agency |
It collects, maintains and stores information related to your credit history. |
It assesses debtor’s ability and willingness to payback debt by making timely payment of interest and principal on a debt instruments. |
It provides Credit Scores based on your credit history. |
It provides ratings based on the risk and evaluation of companies. |
It is licensed and regulated by RBI. |
It is regulated by Securities and Exchange Board of India. |