Infrastructure Overview

Infrastructure Sector

CARE’s Infrastructure Sector Ratings (ISR) encompass ratings assigned to debt programs of issuers in the thermal power, solar energy, wind energy, hydro energy, transmission, power distribution companies, roads (toll, annuity and hybrid annuity), telecommunications, airports, ports and other such infrastructure-related sectors.

CARE Ratings adopts a separate methodology for evaluation and assignment of ISR, distinct from corporate sector debt ratings as rating drivers for ISR are quite different from that of the corporate sector.