SMERA RATINGS
The governance challenge: Focus on ‘G’ factor in ESG to be critical for MSMEs, says Acuité’s Sankar Chakraborti
To help MSMEs achieve better ESG ratings and secure cost-effective lending, financial transparency is critical for MSMEs, says Sankar Chakraborti, Chairman of ESGRisk.ai and Group CEO of Acuité Ratings.
Market Movers: No relief for power cos; Oil prices up; NAFTA overhaul & more
Alowdown on top macro triggers that may move market on Tuesday.
Kerala deluge may shave off 2.2% of state GDP, push up fiscal deficit to 5.4%
According to an initial estimate by rating agency Acuit Ratings (earlier Smera Ratings), the flood has shaved off at least 2.2 per cent or or nearly Rs 10,800 crore of state GDP.
India Inc may need to change rating agencies every 3 years
If Sebi implements rotation of rating agencies, it would be first of its kind in the world.
BSE appoints S Ravi as its new chairman
Ravi, who was a public interest director at the BSE, replaces Dhirendra Swarup.
Significant relief for micro and small enterprises in GST structure: SMERA Ratings
The announcements, believes SMERA, will go a long way in providing relief to a large number of micro small and medium (MSME) enterprises.
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SEBI nixes plan of SBI-Onida ex-promoters for ratings firm
Registration denied as applicants failed "fit and proper person" test.
Infomerics Rating gets RBI nod as full-service rating company
Infomerics Rating has been rating various money market & capital market instruments and carrying out issuer ratings for the last two years.
Rating agencies in a fix over SMEs
The government gives up to a Rs 40,000 subsidy for MSMEs as a once-in-a-lifetime incentive to get themselves rated.
Less than 10 per cent corporate debt rated unsafe in FY17
Credit rating agencies (CRAs) rated a total of 1,204 long-term corporate debt securities of which 1,087 issues (90.3 per cent) were rated "investment grade".
CoinTribe ties up with credit rating agency SMERA
The joint collaboration will tap SMERA’s proficiency in assessment, vast MSME-centric database, physical touchpoints, and on-ground validation of companies.
A bumper kharif harvest likely
Despite floods hurting central and eastern India, farmers, traders and agriculture companies are hopeful about crop prospects this season, especially rice & pulses.
Textile and hospitality sectors likely to face risk of prolonged slump
Textile sector, which carries Rs 203900 crore of bank loans, is reeling under high stress due to low demand, inconsistent profitability and below average returns.
Banks to sit tight on loans as jewellers face fall in earnings
Reserve Bank of India data showed that banks’ total exposure to this sector shrunk to Rs 70,400 crore at the end of April, reflecting a 1.5% year-on year fall.
New norms for rating agencies shortly: Sebi official
The norms are at a consultation stage and therefore I can't give a timeline," Sebi Whole-Time Member Rajeev Kumar Agarwal told reporters.
India Inc's investment-grade credit ratings hit record high
While 214 issues (Rs 40,889 crore) were assigned as adequately safety (A), 151 issues (Rs 6,180 crore) were classified under 'moderate safety (BBB)' category, during the last fiscal year.
MSMEs can reap Rs 2 trillion business from Budget boost: Report
These benefits are roughly 10.5 per cent of the total expenditure of the Budget estimate for 2016-17, the domestic rating agency Smera Ratings said.
Eastern states led by West Bengal can be a $3 trillion economy by 2035: Report
A report by domestic rating agency Smera Ratings says the critical location of Bengal makes it the potential business hub of a $3 trillion regional economy.
Chennai floods wash out Rs 1700 crore of MSME business
The loss figure has been arrived at after calculating the weekly loss in lost businesses for the micro and small industrial sector.
Bullet train projects: A $51 billion gold mine in making for MSMEs
Collectively 28 per cent MSMEs in the special purpose machineries, fabricated metals and printing among other sectors will gain from these mega projects.
MSME sector undercapitalized, role of bank finance crucial
MSMEs are engines of growth and employment generation in the country. The sector has discussed problems arising due to scarcity of capital.
SMERA launches a grading product for NGOs
SMERA’s product assesses the key risk factors affecting the sustainability and operational viability of the NGO by evaluating an NGO’s integrity.
RBI approves SME rating agency licence
The Reserve Bank of India today approved SME Rating Agency of India as an eligible credit rating agency for rating bank loans.
Banks may also use SMERA ratings to assess loan risks: RBI
The Reserve Bank today said banks may use ratings of SME Rating Agency of India (SMERA), in addition to grades provided by other agencies.
Benefits of credit rating for SMEs
Small businesses can have themselves rated to improve their functioning and get better funding.
SMEs' credit rating model may be applied to smaller NBFCs too
The government will explore ways to facilitate easier credit rating of smaller finance companies is it looks to tighten the regulatory and oversight regime before enlisting them for its financial inclusion drive.
Finmin panel for overhaul of rating cos
Credit rating agencies (CRAs) may come under the ambit of RBI and Insurance Regulatory and Development Authority (Irda) if proposals from a finance ministry panel are accepted.
Small cos which need funds
Credit ratings are the new badge of honour for small businesses to win over banks and attract customers.
'Citi's reworking credit underwriting norms'
The impact of the stock market crisis is not fully evident from the quarterly results of corporates. But banks are already preparing to deal with clients who are likely to face difficult times.
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