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Indian Tractor Industry – Monthly Update        Indian Sugar Sector: De-growth in domestic sugar consumption in SY2017 unlikely to affect price and profitability        Indian Mortgage Finance Market Update for 9MFY2017: Affordable housing segment to remain key growth driver Performance Review of Housing Finance Companies and Industry Outlook        Indian Construction Sector: Revival of irrigation sector backed by adequate funding support is a credit positive for construction companies        Apparel And Fabric Industry: Apparel And Fabric Industry In Knots Over Sluggish Exports, Demonetisation Woes        Half of the available indicators recorded improvement in February 2017, while an unfavourable base led to deterioration in some of the other indicators        Telecom Tower Sector: Growing Data Tenancies And Strong Financial Position Are Positives Despite Headwinds From Stress In Telecom Sector        INR rises to 16-month high on risk-on sentiment, lower crude prices; global risks, domestic earnings to dictate outlook        Indian Steel Industry: Sluggish domestic demand weighs down on steel prices        Indian Corporate Sector: Trends & Outlook       
 
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Indian Sugar Sector: De-growth in domestic sugar consumption in SY2017 unlikely to affect price and profitability
Indian Tractor Industry – Monthly Update
Half of the available indicators recorded improvement in February 2017, while an unfavourable base led to deterioration in some of the other indicators
Indian Construction Sector: Revival of irrigation sector backed by adequate funding support is a credit positive for construction companies
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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