The SSI ratings will be carried out under the National Small Industries Corporation-ICRA (NSIC-ICRA) performance and credit rating scheme for SSIs. The SME ratings on the other hand will be assigned under the ICRA-SME Rating Scale. To assist potential and existing SSIs and SMEs borrowers of UCO Bank in obtaining ratings, ICRA will offer special terms to borrowers covered by the MoU.

For UCO Bank, the ratings would serve as an objective and scientific input in decision making, assist in risk pricing; serve as an input for setting collateral requirements for borrowers; and facilitate future CBO / CLO deals.

As for UCO Bank''s borrowers, they would be able to obtain the ICRA ratings at a relatively low cost. These ratings may also enable borrowers to convey their standing to their own customers, suppliers, collaborators and other stakeholders. Additionally, the ICRA-rated entities would be able to use the Company''s rating report for internal benchmarking and self-improvement.