|
|
GRADING OF REAL ESTATE DEVELOPERS and PROJECTS
ICRA’s service of Grading of Real Estate Developers and Projects, by providing an independent opinion on the relative performance capability of real estate development entities, seeks to serve as a tool for identifying and managing the risks associated with the entities concerned. For the investor (buyer of property), the Gradings communicate the risks associated with the developer’s ability to deliver in accordance with the terms, quality parameters, and time stipulated. For developers, the Gradings, by providing a scientific assessment of their abilities and risk profiles, serve to assist them in presenting their case to lenders.
Grading Scale for Real Estate Developers:
DR1 Very strong project execution capacity
DR2 Strong project execution capacity
DR3 Moderate project execution capacity
DR4 Inadequate project execution capacity
DR5 Weak project execution capacity
Note: The suffix of ‘+’ or ‘-’ may be used with the grading symbol (from DR2 to DR4) to indicate the comparative position within the group covered by the symbol.
ICRA Grading Symbols for the Real Estate Projects and their implications are as follows:
RT1 Very strong project
RT2 Strong project
RT3 Moderate project
RT4 Inadequate project
RT5 Weak project
Note: The suffix of ‘+’ or ‘-’ may be used with the grading symbol (from RT2 to RT4) to indicate the comparative position within the group covered by the symbol.
ICRA Grading Symbols for the Consultants and their implications are as follows:
CT1 Very strong project engineering/project management services capacity
CT2 Strong project engineering/project management services capacity
CT3 Moderate project engineering/project management services capacity
CT4 Inadequate project engineering/project management services capacity
CT5 Weak project engineering/project management services capacity
Note: The suffix of ‘+’ or ‘-’ may be used with the grading symbols (from CT2 to CT4) to indicate the comparative position within the Grading category concerned.
ICRA Grading Feature
Construction Grades Announced by ICRA
|
|
|
|
|
|
|
|