Financial Infrastructure in India
As the Indian economy matures, it is going to require all the financial infrastructure a mature economy needs. This includes various kinds of insurance (life, property, title, disability etc.), credit-rating agencies for businesses, personal credit bureaus, money management companies etc. There is a lot of money to be made by investing in these companies over the next couple of decades.
The two premier credit-rating agencies in the US are Moody's (MCO) and S&P (a part of McGraw-Hill, MHP). It was no big surprise when I found out that the two premier credit-rating agencies in India - CRISIL and ICRA - have been set up with the assistance of and investment from Moody's and S&P! Moody's, a favorite of Warren Buffett, has been a stellar long-term investment (notwithstanding its current woes related to mortgage-backed securities). I see a similar potential for CRISIL and ICRA duopoly in India. (Here's related news from today.) I will be looking to invest in these companies when the price is right.
The two premier credit-rating agencies in the US are Moody's (MCO) and S&P (a part of McGraw-Hill, MHP). It was no big surprise when I found out that the two premier credit-rating agencies in India - CRISIL and ICRA - have been set up with the assistance of and investment from Moody's and S&P! Moody's, a favorite of Warren Buffett, has been a stellar long-term investment (notwithstanding its current woes related to mortgage-backed securities). I see a similar potential for CRISIL and ICRA duopoly in India. (Here's related news from today.) I will be looking to invest in these companies when the price is right.
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