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Indian Commercial Vehicle Industry: Near-Term Demand Subdued But Focus On Infrastructure And Scrappage Program To Support Sales In Fy 2018        Indian Power Sector: Progress On Debt Refinancing Under Uday Leading To Improved Liquidity Profile Of The Discoms; However Slow Progress Observed In Filing Of Tariff Petitions For Fy2018 By Discoms        Indian Sugar Sector: Healthy Prices Augur Well For Profitability Of Sugar Mills; However, Western And Southern Mills Affected By Slide In Cane Crushing Volumes        Economic growth to show mild recovery in FY2018; broad-based revival in private investment cycle not imminent        Indian Basmati Rice Industry: Performance Of Basmati Industry In Fy2017 Encouraging As Higher Paddy Prices Spell Growth In Realisations In Fy2018; Resumption Of Imports By Iran Will Be A Cause For Cheer        Indian Sugar Sector: Monthly Updates        Indian Mining And Construction Equipment Industry: Monthly Updates        Indian Auto Component Industry: Commodity Price Pressure To Weigh On Profitability Of Auto Ancillaries During Q4fy2017: Monthly Update        Indian Ports Sector: March 2017: Traction in Inland Waterway projects will open up several business opportunities for the port sector players; Iron ore and POL support overall volumes as coal volume growth continues to plummet        Indian Commercial Vehicle Industry: Subdued Optimism Among Fleet Operators Dampen Bs Iv Related Pre-Buying       
 
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Economic growth to show mild recovery in FY2018; broad-based revival in private investment cycle not imminent
Indian Sugar Sector: Healthy Prices Augur Well For Profitability Of Sugar Mills; However, Western And Southern Mills Affected By Slide In Cane Crushing Volumes
Indian Power Sector: Progress On Debt Refinancing Under Uday Leading To Improved Liquidity Profile Of The Discoms; However Slow Progress Observed In Filing Of Tariff Petitions For Fy2018 By Discoms
Indian Commercial Vehicle Industry: Near-Term Demand Subdued But Focus On Infrastructure And Scrappage Program To Support Sales In Fy 2018
More...
 
SME RATING

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Micro, Small and Medium enterprises (MSMEs) comprise a pivotal sector of the Indian economy, employing the largest work force among all sectors other than agriculture, promoting entrepreneurship, and contributing significantly to economic growth. However, even as its importance is widely acknowledged, the MSME sector has historically found itself deprived of timely and adequate institutional finance. The primary reason for this has been the lack of credible information on the functioning and performance of the MSME sector. One way to bridge this “information gap” and thereby improve the sector’s access to institutional finance is to encourage MSMEs obtain credit ratings from credible credit rating agencies. ICRA is one of the leading credit rating agencies in India, with a sound understanding of the MSME sector and its “real world” dynamics. It offers its MSME rating services in two ways:

NSIC ICRA Performance and Credit Rating Scheme

ICRA SME Ratings

    Benefits:

    For lenders, an ICRA MSME Rating would:
  • Provide an objective, independent and reliable opinion on credit quality.
  • Serve as an additional input in the credit decision making process.
  • Assist in risk pricing and capital allocation.
  • Facilitate portfolio management and monitoring.
    For the rated MSME, an ICRA MSME Rating may help to:
  • Improve the comfort level with prospective/existing lenders.
  • Negotiate better terms on the basis of the credit quality reflected by the Rating.
  • Reduce the time involved in obtaining loan approvals.
  • Project a better image to prospective/existing trade partners.
  • Carry out self-evaluation and take timely and corrective measures for improvement.

Brochure

Rating Process

Banking Relationship

*An ICRA MSME Rating is valid for 12 months from the date it is assigned or the date of occurrence of any material development that would warrant a Rating surveillancewhichevercomes earlier. On surveillance, ICRA retain or revise. (upward or downward) the rating previously assigned, depending on its assessment of the development since the previous rating.

ICRA SME Update - November 2015