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Bangalore, Aug. 22

Syndicate Bank has entered into a Memorandum of Understanding (MoU) with credit rating agency Fitch. A bank release said that the MoU would facilitate access for small and medium enterprises to reliable rating services to enhance credit acceptance. The rating would be used for evaluating infrastructure, corporate and other loan exposures of Syndicate Bank.

Fitch will be extending concession in fee payable for cases referred by the bank. The bank will have the comfort of an independent assessment of the client rating while taking credit decision. With this, the bank has entered into MOU with all four rating agencies approved by the RBI. - Our Bureau

More Stories on : Credit Market | Credit Rating | SSI | Public Sector Banks

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