ICRA has accorded ‘A’ credit rating to the Telangana state highlighting better prospects of the state due to strong financial situation of the state government. It is to be mentioned here that credit rating is crucial to attract investment to the state
ICRA,(India Credit Rating Agency) has rated Telangana State in A Category stating it to be the Best State in Country for investment
“ICRA has accorded ‘A’ credit rating to the Telangana (bonds). This shows the strong financial situation of the state government,” said a press note issued by the CM office.
Credit rating is crucial to attract investment in the state bonds as it indicate the issuer’s repayment capacity. Instruments with the ‘A’ rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.
Telangana sate gets A+ ICRA Rating
