The metro rail projects would not be covered by this rating philosophy which are built and financed by private companies through the public-private-partnership route under concessions granted by the government.
While rating metro rail projects where state governments and Government of India are providing positive support. Ind-Ra is going to use the same rating philosophy
India Ratings & Research (Ind-Ra) is one of the most respected rating agency in India. The company committed to providing the India's credit markets with timely, accurate and prospective credit opinions. Moody, Fitch Ratings and Standard &Poor's are some of the credit rating agencies