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New SME Rating Services Launched in India by CRISIL

Crisil announced the launch of Small and Medium Enterprise (SME) Fundamental Grading services for SMEs proposing to raise equity capital through listing on SME exchanges.  SMEs in 560 cities across the country carry CRISIL ratings.   CRISIL, one of India’s leading rating agencies (majority owned by S&P) reported consolidated revenues for the first nine month of 2012 of Rs 717 crore (US$ 130 million) up 21.1 percent.  Operating income was Rs 214 crore ($38 million).

Source:  CRISIL Earnings Release

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