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| Rating >> Project Finance Rating (PFR) |
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While assigning PFR, CARE evaluates the project on many parameters. The risk analysis revolves around the financial strength of the sponsor, the size and the number of projects completed by the sponsor in the past, economic viability of the project, project implementation risk as well as post-commissioning risk and cash flow adequacy from the project. CARE’s PRF is an independent opinion on the risks associated with the project on a standalone basis and after considering the sponsor’s strength.
PFR would help lenders/investors to evaluate credit quality of the issuer and would facilitate an informed lending/investment decision.
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