Care Ratings to rate 2000 SMEs in FY12-13

MUMBAI, INDIA: Mumbai-based credit rating agency, Credit Analysis and Research Ltd (Care) Ratings, has said it is planning to cover 2000 small and medium enterprises (SMEs) in this financial year.

The company has increased its focus on SMEs this year, as it believes they have the potential to become successful enterprises in future. D.R. Dogra, MD and CEO, CARE Ratings, said that the agency's focus on the SME sector will provide a link between the banks and SMEs.  

Also read: Crisil to rate around 100,000 SMEs by 2015

Care rated around 3000 companies in the last fiscal, out of which 2005 were from the SME sector.

The rating agency takes into account the management capability, industry dynamics, operational performance, financial risk characteristics and the future prospects of the entity for arriving at the overall risk profile of the SME unit while rating an enterprise.