NDMC, Navi Mumbai and Pune top credit rating

By VARINDIA - 2017-03-27

NDMC, Navi Mumbai and Pune top credit rating

New Delhi Municipal Council (NDMC), Navi Mumbai and Pune has topped credit rating for urban local bodies (ULB) in a survey conducted by ministry of urban development, government of India.

 

The credit rating exercise undertaken by the ministry of urban development has revealed that 55 of these cities have got ‘Investment Grade’ ratings right from AA+ to BBB. Around 39 cities that have got credit ratings below the investment grade (BBB-) have to undertake necessary interventions for improving the ratings within one year.

 

These rating will be helpful for cities for mobilisation of resources through municipal bonds as and when they plan it in future.

 

Credit Rating of Indian Urban Local Bodies

Credit Rating - Cities/Towns

(AA+) - New Delhi Municipal Council, Navi Mumbai and Pune

(AA) - Ahmedabad, Visakhapatnam and Greater Hyderabad Municipal Corporation

(AA-) - Surat, Nashik, Thane and Pimpri-Chindawad

(A+) - Indore, Kishanganj, Kolkata, Vadodara and Warangal

(A) - Jhunjhunu

(A-) - Alwar, Bhiwadi, Beawar, Jaipur, Bhopal, Jabalpur, Mira Bhayandar and New Town Rajarhat

(BBB+) - Ajmer, Kota, Udaipur, Ludhiana and Jamnagar

(BBB) - Kakinada, Anantapur, Kurnool, Tirupati, Davanagere, Hubbali-Dharwar, Kochi, Trivandrum, Panaji, Kolhapur, Nagpur, Jodhpur, Nagaur and Tonk

(BBB-) - Amaravati, Belgavi, Bharuch, Bhavnagar, Bharatpur, Bhilwara, Bikaner , Hanumangarh, Chittor, Cuddapah, Cuttack and Ranchi

(BB+) - Proddatur, Nandlal, Nellore, Kollam, Kozhikode, Kalol, Nadiad, Navsarai, Nanded, Solapur, Gangapur City, Dhaulpur, Pali and Sawai Madhopur

(BB) - Adoni, Tadipatri, Dwaraka, Aizawal, Thrisur, Berhampur, Rourkela, Sambhalpur, Bundi, Churu, Chittorgarh, Hindaun, Jodhpur and Sujangarh

(BB-) - Adityapur, Chas, Deogarh, Giridh, Mori, Baran and Jhalawar

(B+) - Baripada, Puri and Hazaribagh

(B) - Bhadrak

 

Speaking on credit rating exercise, minister of urban development M. Venkaiah Naidu said, "55 of these cities have got ‘Investment Grade’ ratings. 59% of cities assessed getting investment grade rating was better than what was thought of about the financial situation of urban local bodies in the country."

 

Presently, 94 cities have been assigned credit ratings spread across 14 states. The ministry of urban development is promoting credit rating of cities as one of the five transformational reforms under which about 500 cities and towns that account for about 65 percent of total urban population were to be given credit ratings during this year.

Credit Ratings are assigned based on assets and liabilities of ULB, revenue streams, resources available for capital investments, double entry accounting practice and other governance practices. Besides the credit rating of ULBs, ratings for individual projects for which resources are to bemobilised through municipal bonds would have a bearing on the response to such bonds.


 CIO  - SPEAK
Start-Up and Unicorn Ecosystem
 SOFTWARE  Placeholder image
Pega brings Customer Data Connectors for deeper, AI-powered data analysis and better customer outcomes

Pega brings Customer Data Connectors for deeper, AI-powered data analysis and better customer outcomes

Pegasystems Inc. announced Customer Data Connectors that enable clients to easily connect...

Micro Focus announces availability of Enterprise Suite for application modernization on Google Cloud Marketplace

Micro Focus announces availability of Enterprise Suite for application modernization on Google Cloud Marketplace

Micro Focus announced the availability of its Enterprise Suite for application modernizati...

VARINDIA SIITF
SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) -2018
BANGALURU
VARIndia - Star Nite Awards
STAR NITE AWARDS(SNA) - 2018
NEW DELHI
VARINDIA - OITF
ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019
BHUBANESWAR
VARINDIA - WIITF
WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) - 2019
MUMBAI
 INDUSTRY EVENTS Placeholder image
Autodesk paves the way to power digital transformation in the Cloud

Autodesk paves the way to power digital transformation in the Cloud

Autodesk has kicked off Autodesk University (AU) 2022, the company’s annual design c...

DSCI’s National CoE and IIT Bombay host Cybersecurity R&D Roadshow 2022

DSCI’s National CoE and IIT Bombay host Cybersecurity R&D Roadshow 2022

National Cybersecurity Centre of Excellence (NCoE), a joint initiative of Data Security Co...

New draft of Data Protection Bill is being worked on to augment efficient usage knowing it would be used by the industry: Additional Secretary, Meity

New draft of Data Protection Bill is being worked on to augment efficient usage knowing it would be used by the industry: Additional Secretary, Meity

Speaking at the CII International Technology Summit 2022 “Technology 4.0 Adoption, A...

20th edition VARINDIA INFOTECH FORUM: Remote Work and Digital Transformation to rule the roost

20th edition VARINDIA INFOTECH FORUM: Remote Work and Digital Transformation to rule the roost

Manmohan Brahma, Manager - Solutions Architect, Amd India Mega Region. S. Mohini Ratna, Ed...


Copyright varindia.com @1999-2022 - All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.
Other Initiatives : www.mybrandbook.co.in | www.spoindia.org

advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription