Crisil plans to rate 100,000 SMEs by '15

Credit rating agency CRISIL is planning to rate around 100,000 small and medium enterprises (SMEs) by 2015, according to a senior company executive. The company on Wednesday announced in Chennai the completion of 25,000 ratings on SMEs.

The SME sector, which accounts for almost eight per cent of the country’s Gross Domestic Product (GDP), has a significant role in the Indian economy and the company is facilitating its promising prospects through SME ratings, says Sachin Nigam, director (SME Ratings), Crisil.