Jan 12, 2017 10:21 AM IST IST | Source: PTI

Icra launches new product for infra sector

The new framework will be a comment on the expected loss (EL) of a project entity, which would factor in the probability of default (PD) and the recovery prospects, it said in a statement.

Domestic rating agency Icra today said it has launched a new credit rating system for the infrastructure sector, aiming to help long-term lenders price their risks better.

The new framework will be a comment on the expected loss (EL) of a project entity, which would factor in the probability of default (PD) and the recovery prospects, it said in a statement.

Despite the sectors requirements for funding, investors stay away due to higher perceived risks and lower credit ratings, it said.

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