ICRA inks MoU with Bank of Hyderabad for loan ratings

New Delhi, Mar 28 (UNI) Credit rating agency ICRA Ltd (ICRA) today said it has signed a Memorandum of Understanding (MoU) with State Bank of Hyderabad to assign ratings to the Bank's loans and its other exposures under the standardised approach of RBI's New Capital Adequacy Framework for Basel-II.

ICRA's ratings for the standardised approach would be carried out under its ''Line of Credit'' rating service and would enable State Bank of Hyderabad to assign the new risk weights applicable to its borrowers under Basel-II, said a statement.

The risk weights would be linked to the various rating categories and would be as per RBI's Basel II guidelines.

To assist potential and existing borrowers of State Bank of Hyderabad in obtaining ratings, ICRA is offering special terms to the clients of State Bank of Hyderabad.

UNI PBB MP AS1749