ICRA Report on Indian Municipal Bond Market
On 18th March 2025, credit rating agency ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) released a report on Indian municipal bond market.
Major Highlights
Fund Raising
- Municipal bond issuances in India are expected to raise more than Rs. 1,500 crore in the Financial Year (FY) 2025-26.
Share of Green/Pooled Bonds
- Share of Green/pooled bonds is also likely to increase, led by a growing focus on Environmental, Social, and Governance (ESG) initiatives and enhancement in the credit profile of Urban Local Bodies (ULBs).
Factors Driving the Growth of Municipal Bonds in India
- In 2015, the ....
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