The rating agency ICRA plans to extend its rating and research services to small and medium scale enterprises (SMEs). ICRA is of the view that it has enough capabilities and expertise to service the SME sector. ICRA has been traditionally rating large corporate on their credit risk portfolio.
ICRA which has some marginal exposure to the SME rating business also plans to do sectoral research in areas like information technology and manufacturing.
Various rating agencies have given negative rating outlook to the Indian economy, in spite of Indian pharmaceutical, consumer goods, IT and two wheeler sector performing quite well with their robust balance sheet. But, this is not seen in the stock market valuation because of the higher expectations from these sectors.
