RealStateGradingSymbols


	Improved regulatory and fiscal support measures expected to encourage wind energy demand, but several constraints remain GDP Growth, Q1FY11: Pace of Growth Accelerates to 8.8% Indian Port Sector: Key Trends and Credit Challenges ABS Pools Rated by ICRA:- Summary Update On Performance till June 2010 Cut and Polished Diamond: Credit outlook seen stabilising on the back of increasing volumes and realisations

REAL ESTATE PROJECTS AND DEVELOPERS

ICRA’s Grading symbols for the Real Estate Project and their implications are as follows

RT1	Very strong project. The prospects of successful implementation of the real estate project and transfer of ownership as per terms are highest. The project risk factors are lowest.
RT2+ RT2 RT2-	Strong project. The prospects of successful implementation of the real estate project and transfer of ownership as per terms are high. The project risk factors are low.
RT3+ RT3 RT3-	Moderate project. The prospects of successful implementation of the real estate project and transfer of ownership as per terms are moderate. The project risk factors are moderate.
RT4+ RT4 RT4-	Inadequate project. The prospects of successful implementation of the real estate project and transfer of ownership as per terms are inadequate. The project risk factors are high.
RT5	Weak project. The prospects of successful implementation of the real estate project and transfer of ownership as per terms are poor. The project risk factors are highest.

ICRA’s Grading symbols for and Real Estate developers their implications are as follows:

DR1:	Very strong project development capacity.The prospects of development of real estate projects as per plan are best and the ability to transfer ownership as per terms is highest.
DR2+ DR2 DR2-	Strong project development capacity. The prospects of development of real estate projects as per plan and the ability to transfer ownership as per terms are high but not as high as in
DR3+ DR3 DR3-	Moderate project development capacity. The prospects of development of real estate projects as per plan and the ability to transfer ownership as per terms are moderate. Project development capacity can be affected moderately by changes in the real estate sector prospects.
DR4+ DR4 DR4-	Inadequate project development capacity.The prospects of development of real estate projects as per plan and the ability to transfer ownership as per terms are inadequate. Project development capacity can be affected severely by changes in real estate sector prospects.
DR5	Weak project development capacity. The prospects of development of real estate projects as per plan and the ability to transfer ownership as per terms are poor.