“Credit ratings not only aid companies in accessing finance but also act as a benchmark of trust for lenders, investors, and stakeholders,” said Dr Bhavesh Sampat, Associate Director, CARE Ratings Limited, Mumbai while speaking at a session on Credit Rating Methodology organised by Vidarbha Industries Association MSME Forum.

 

Dr Sampat, elaborated on the structured methodology followed by CARE Ratings in evaluating creditworthiness of businesses. CA Neha Kandalkar, Senior Manager – Credit, Punjab National Bank, Nagpur conducted a session on ‘Credit Risk Ratings as a Catalyst for MSME Growth & Profitability.’ Earlier, CA Girish Deodhar, Chairman of VIA MSME Forum, explained the concept of credit ratings while underlining their significance for business growth. CA Nitin Alshi, Convener of VIA MSME Forum, introduced the guest speakers. CA Naresh Jakhotia, Vice President – VIA was also present. CA Nitin Agrawal, Jt Secretary – VIA proposed a vote of thanks. Present were CA Nishtha Khandelwal, Manisha Agrawal, representatives of industries like Truform Engineering, Perfect Solutions, Kapilansh Dhatu among others.