TransUnion CIBIL rolls out credit risk ranks for MSMEs

To help banks and financial institutions, which have lent about 12 lakh crore to micro, small and
medium enterprises (MSMEs), evaluate their credit decisions better, credit information company TransUnion CIBIL has introduced a credit risk rank for these firms. Called the CIBIL MSME rank (CMR), algorithms based on the credit history, data are used to forecast the chances of an MSME loan going bad in the next 12 months.