CRABs ratings on small and medium enterprises (SMEs) reflect the rated entities overall creditworthiness, adjudged in relation to other SMEs. These ratings are entity-specific, and not specific to debt issuances. The SME sector has its own unique features: unlike the large corporate, the SME sector has no organized information on industries, market shares, competition dynamics, and promoter or management track record. The creditworthiness of entities in the sector, therefore, needs to be assessed using tools.