Correct Answer: Issuing credit ratings for debt securities

Solution : The correct answer is (c) Issuing credit ratings for debt securities

A credit rating agency is responsible for assessing the creditworthiness of borrowers or debt issuers and assigning credit ratings to debt securities. These ratings provide an opinion on the credit risk associated with a particular debt instrument, such as bonds or other forms of debt obligations. The ratings indicate the likelihood of timely repayment of principal and interest.