Credit Bureau and Credit Rating Agency are distinctly different. The only similarity is the six letter word “CREDIT”.
||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.