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SME Rating Agency of India Ltd (SMERA), has been registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.
SMERA is the only rating agency for the MSME sector in India that is dedicated to increase the credit flow to the MSME sector, a press release issued here today stated.
The Mumbai-based agency was incorporated in August 2005 and is promoted by SIDBI, Dun & Bradstreet and other leading banks in India. The SEBI registration makes SMERA, only the sixth rating agency in India to rate issues related to the capital market.
SEBI registration has paved the way for SMERA to rate the capital market instruments such as IPOs, bonds, commercial papers, security receipts and others, the release said, adding the SEBI registration bestows higher credibility and acceptance for SMERA in the market.
Its primary objective is to provide ratings that are comprehensive, transparent and reliable. This would facilitate greater and easier flow of credit from the banking sector to MSMEs. PTI JJ DK MGS 03031519
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