Country's leading credit rating agency ICRA Limited (ICRA) has signed a Memorandum of Understanding (MoU) with Andhra Bank.

Under the arrangement, ICRA will assign Bank Loan ratings to the Bank's loans and its other exposures under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II. 

ICRA's ratings for the standardized approach would be carried out under its "Line of Credit" rating service and would enable Andhra Bank to assign the new risk weights applicable to its borrowers under Basel-II. 

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