IREDA Grading

Overview

IREDA has introduced a requirement of an external credit rating for Companies that are seeking / availing credit facilities from IREDA.

An “IREDA Credit Rating Model for Renewable Energy Financing” has, accordingly, been developed in co-ordination with credit rating agencies, viz. CRISIL, Credit Analysis & Research Ltd. (CARE), India Ratings & Research (Fitch), ICRA Ltd. and B2K Analytics. The model incorporates standardized parameters and criteria aimed at ensuring consistency and objectivity in evaluation.

The rating criteria that are used by B2K Analytics to assign credit ratings are as per the parameters approved by IREDA.

The ratings assigned are project specific ratings, with ratings being assigned to projects for which the Company avails/seeks to avail financing from IREDA.

For the rating scale used by B2K Analytics (common for all rating agencies for this model) click here.