CRISIL's Project Credit Rating is an independent opinion on the standalone risks of projects. The rating meets the felt need of lenders for such an opinion on project risk, and addresses the credit risks of project exposures, including proposals for debt funding of industrial or infrastructure projects. The evaluation includes project implementation risks as well as post commissioning risks. The rating is assigned on an eight-point scale ranging from CRISIL PCR 1 to CRISIL PCR 8; CRISIL PCR 1 being the highest, denotes the strongest likelihood of the project being completed on time, and meeting its debt obligation. |