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| Rating >> Public Finance Rating >> State Government |
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| Sub-sovereign ratings |
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| Sub-sovereign ratings are ratings assigned to state entities for bonds with a government backing in the form of a guarantee. It may be noted that states in their independent capacity are not rated. CARE has the experience of rating states by virtue of rating state entities across the country. These entities cover the entire spectrum of business operations, from financial corporations to infrastructure boards (irrigation, dams, power and transport). Rating of state entity bonds guaranteed by the government entails an analysis of not just the financials of the entity but also the financial position of the state government. These ratings duly factor in the strengths and weaknesses of the state’s economy that underlie the current status and potential growth of the state. |
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