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SIDBI-PROPOSED RATING AGENCY MAY FACE TOUGH COMPETITION (as National Small Industries Corporation considering empanelling credit rating agencies for providing credit rating services to SSIs).

Asia Africa Intelligence Wire

| December 13, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The credit rating agency proposed by Small Industries Development Bank of India (SIDBI) to exclusively cater to the small scale industry (SSI) is expected to face stiff competition as the National Small Industries Corporation (NSIC) is considering credit rating agencies including Crisil, Icra and Fitch for empanelment for providing credit rating services to the SSIs. While SIDBI's proposed credit agency is still at an …

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