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SME Rating Agency of India Ltd, the dedicated rating agency for the micro, small and medium enterprises sector in India, has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, said a press release issued by SMERA.
SMERA is the first and only rating agency in the MSME space that is dedicated to increase the credit flow to the MSME sector. The Mumbai-based agency was incorporated in August 2005 and is promoted by SIDBI, Dun & Bradstreet and other leading banks in India.
More to evaluate
The SEBI registration makes SMERA the sixth rating agency in India to rate issues related to capital market. The development has paved way for SMERA to rate the capital market instruments, such as, IPO, bonds, commercial papers, security receipts and others, the release said.
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