Credit Rating of Smart Cities

2019 ias preliminary exam test series

Smart Cities are now vying for credit ratings for mobilization of resources through municipal bonds, reflecting on their keenness to think and act differently.

Of the 97 smart cities, 89 have initiated this process of which 70 have completed it and 26 of them have already been given credit rating.

Eight cities viz., Ahmedabad, Bhopal, Indore, Jaipur, Kakinada, Pune, Rajkot and Visakhapatnam have already appointed Transactional Advisors for issuing municipal bonds. Total of 44 cities including 25 AMRUT cities have so far got credit ratings.

Details of cities and credit ratings:

Smart cities Credit rating Amrut cities Credit rating
Ahmedabad AA minus Bharatpur BBB minus
Bhopal A minus Biakner BBB minus
Bhubaneswar BBB Sriganganagar BBB minus
Indore A Plus Hanumangarh (Raj) BBB minus
Jaipur A minus Dholpur BB plus
Kakinada BBB Gangapur city BB plus
New Delhi Municipal

Council

AA minus Swai Madhopur BB plus
Pune AA plus Churu BB
Udaipur BBB plus Sujangarh BB
Visakhapatnam A Hindan BB
Ajmer BBB plus Kishangarh A plus
Kota BBB plus Jhunjhunu A
Nagpur AB plus Bhiwadi A minus
Nashik AA minus Alwar BBB  plus
Navi Mumbai AA plus Tonk BBB
Rourkela BB plus Pali BB plus
Thane AA minus Jodhpur BB
Bhilwara BBB plus
Bundi BB
Chittorgarh BB
Jhalawar BB minus
Baran BB minus
Sikar BB plus
Beawar BBB plus

 

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