Source: Business Standard

By Asit Ranjan Mishra / New Delhi March 20, 2007

Credit rating agencies ICRA, CRISIL, Fitch Ratings and CARE will together develop a common rating methodology to rate public private partnership (PPP) projects at pre- and post-bid stages.

The agencies will prepare a draft paper within 15 days on the new rating system, which will then be circulated among stakeholders for their comments.

The finance ministry will subsequently hold an all -stakeholders?conference where the methodology will be further debated.

In a meeting today at the finance ministry, the rating agencies put forward their own versions of the rating system.

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Posted by pichu at March 20, 2007 3:23 PM