SMERA RATINGS

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.

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.

If Sebi implements rotation of rating agencies, it would be first of its kind in the world.

The announcements, believes SMERA, will go a long way in providing relief to a large number of micro small and medium (MSME) enterprises.

Registration denied as applicants failed "fit and proper person" test.

Infomerics Rating has been rating various money market & capital market instruments and carrying out issuer ratings for the last two years.

The government gives up to a Rs 40,000 subsidy for MSMEs as a once-in-a-lifetime incentive to get themselves rated.

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".

The joint collaboration will tap SMERA’s proficiency in assessment, vast MSME-centric database, physical touchpoints, and on-ground validation of companies.

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.

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.

The norms are at a consultation stage and therefore I can't give a timeline," Sebi Whole-Time Member Rajeev Kumar Agarwal told reporters.

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.

Collectively 28 per cent MSMEs in the special purpose machineries, fabricated metals and printing among other sectors will gain from these mega projects.

MSMEs are engines of growth and employment generation in the country. The sector has discussed problems arising due to scarcity of capital.

SMERA’s product assesses the key risk factors affecting the sustainability and operational viability of the NGO by evaluating an NGO’s integrity.

The Reserve Bank of India today approved SME Rating Agency of India as an eligible credit rating agency for rating bank loans.

The Reserve Bank today said banks may use ratings of SME Rating Agency of India (SMERA), in addition to grades provided by other agencies.

Small businesses can have themselves rated to improve their functioning and get better funding.