Review of Professional Management
issue front

Soumyadeep Sinharay1

First Published 31 Dec 2010. https://doi.org/10.1177/rpm.2010.8.2.17
Article Information Volume 8, Issue 2 July-December-2010

1Asst. Professor Srusti Academic of Management

Abstract

Over the last one decade, credit rating agencies have taken a center stage in loan disbursement process for organizations irrespective o f their size. With the emergence o f the recent global turmoil, the coming years will see even greater role being played by these agencies in the loan sanctioning process. This research paper focuses on the efficacy o f the credit ratings and also their perceived credibility, regarding assessment o f firm ’s creditworthiness while disbursing loans. For achieving this, firstly, this research paper intends to understand the working o f various credit rating agencies in India followed by a primary research carried out with major private & public banks o f India to understand their perception regarding the credibility o f the reports offered by the credit rating agencies to the organizations. The paper is concerned mainly with the products and services being offered by the rating agencies for the MSME sector. This research provides valuable insights relevant for organizations like SMEs, banks and also rating agencies o f our country


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