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Indian Hotel Industry:April 2017: Monthly Updates        Supreme Court’s order disallowing tariff relief for APL and CGPL is a negative development; however tariff relief likely for projects affected by shortfall in domestic coal        Indian Mining And Construction Equipment Industry: April 2017: Monthly Updates        FII inflows into Indian debt market in FY2018 expected to be limited to US$5-10 billion, led by G-sec, corporate debt        FII inflows into Indian debt market in FY2018 expected to be limited to US$5-10 billion, led by G-sec, corporate debt        Indian Sugar Sector: April 2017: Monthly Update        Wind capacity addition in near term to depend upon firm plans for bidding & PPA signing by utilities; solar capacity addition to remain strong (7-7.5 GW) backed by project pipeline        Indian Retail Non-Banking Finance Market: Retail NBFCs expected to witness growth moderation and asset quality pressures in the near-medium term        All available volume-based indicators in the green in March 2017, in the most broad-based uptick since the note ban        Direct Port Delivery model faces hurdles in attracting more registrations as customers continue to prefer the CFS route       
 
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Supreme Court’s order disallowing tariff relief for APL and CGPL is a negative development; however tariff relief likely for projects affected by shortfall in domestic coal
Indian Mining And Construction Equipment Industry: April 2017: Monthly Updates
Indian Hotel Industry:April 2017: Monthly Updates
FII inflows into Indian debt market in FY2018 expected to be limited to US$5-10 billion, led by G-sec, corporate debt
More...
 
CONSTRUCTION GRADING

Concept

ICRA’s service of Grading of Construction Entities is designed to provide lenders and sector participants with an independent opinion on the quality of the entity Graded. The unique Grading methodology developed for the purpose, encompasses all entities in a construction project: the contractor, the consultant, the project owner, and the project itself. The service of Grading, by providing an independent opinion on the quality of the entity Graded, is designed to enhance the lenders’ confidence in the construction sector participants. Besides, the Gradings may also benefit the participants by highlighting their competencies and helping them stand out in a crowd.

Process

The methodology for the Grading of construction entities entails analysis of all relevant risks under two broad categories: business risk and financial risk. The assessment process commences at the request of the entity concerned. Once the mandate letter is received from the entity, a team of ICRA analysts takes up the task of preparing a report on that entity, highlighting its business and financial risks. Subsequently, the team prepares a report and presents it to the Grading Committee for assessment. The whole process is interactive and uses input from sector experts. ICRA ensure strict confidentiality of all information collected during the assessment process.


ICRA Grading Symbols for Contractors

CR1 Very strong contract execution capacity.

CR2 Strong contract execution capacity.

CR3 Moderate Contract execution capacity.

CR4 Inadequate contract execution capacity.

CR5 Weak contract execution capacity. 



ICRA Grading Feature


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