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| Ratings >> SSI/ MSE Rating |
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CARE has signed a Memorandum of Understanding with National Small Industries Corporation Limited (NSIC) to introduce the NSIC – CARE Performance and Credit Rating for SSIs. This is a special rating scale for SSIs. This rating helps SSIs to obtain quicker and cheaper credit, facilitate capability assessment of SSIs by their clients and help SSIs obtain leverage from the parties in the supply chain.
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The Indian Bank Association (IBA) has been involved in formulating this Scheme. The government has subsidised the rating fees for this rating up to 75 per cent, enabling SSIs to get rated at a cheaper effective fee.
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This rating indicates the relative level of financial strength and performance capability of an SSI entity compared to other SSIs. It is an issuer-specific rating and not a loan / bank facility-specific rating. It is a one-time assessment of the rated entity.
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