IMC organises interactive session on CRISIL SME Ratings
30 November 2005
CRISIL, has extended its group incentive scheme to the members of IMC. CRISIL has also signed MoUs with several banks, including SBI, to rate their SSI customers.
According to Roopa Kudva, executive director and chief rating officer, CRISIL, "The sector has a lot to gain from third party ratings; the benefits of rating go far beyond obtaining bank loans at lower interest rates. Rated entities benefit from learnings from interaction with professional analysts, peer group comparison, and a better appreciation of their strengths and weaknesses. By acting on these inputs, an entity can achieve more orderly growth".
The central government has implemented a number of policy measures for SMEs and promotes credit ratings for them to encourage more scientific pricing of loans by linking loan pricing to credit ratings.
has two rating products dedicated to the SME sector
CRISIL SME Ratings for SMEs, and NSIC-CRISIL Performance
and Credit Rating for SSIs. Under the NSIC-CRISIL
Scheme, National Small Industries Corporation (NSIC) provides
a 75 per cent subsidy to SSI units which get themselves
rated by CRISIL.