Institutional Services

ICRA A Moody's Investor Services

Grading

The Grading Services offered by ICRA employ pioneering concepts and methodologies, and include Grading of: Microfinance Institution (MFIs); Construction Entities; Real Estate Developers and Projects; and Maritime Training Institutes. These apart, of late, ICRA has been offering the services of Grading of the Renewable Energy Service Companies (RESCOs) and the System Integrators(SI); Grading of Management Education Institutes; Grading of Engineering Colleges/Universities; Grading of Fundamental Strength and Recovery Prospects; Assessment of the fundamental and financial strength of Real Estate Entities (REEs) & Real Estate Projects (REPs); and ICRA Corporate Responsibility and Sustainable-Business Grading.

Real Estate Grading

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.

ICRA grades real estate projects on an eight-point scale from "Seven-Star" through to "One-Star" and finally "Weak", with "Seven-Star" being the highest grade and "Weak" the lowest. An ICRA-assigned real estate grade is an evaluation of the prospects of successful implementation of the real estate project concerned and transfer of ownership in accordance with the agreed terms on a relative scale. The grade assigned is specific to the city/area in which the project is being developed, and the name of the city/area is prefixed to the grade assigned