State Bank of India (SBI) and Crisil have signed an agreement to provide ratings to small scale industries (SSIs).According to a release issued by Crisil today, "The ratings will be carried out under the NSIC-Crisil performance and credit rating scheme." The rated SSIs would find it easier to obtain funds from SBI at appropriate terms, the release added."Crisil believes that the use of ratings in the SSI sector will benefit all stakeholders. The MoU with SBI marks a significant milestone in Crisil's SME initiative," D Thyagarajan, director (SME Ratings) of Crisil, said.
