Bonds Of Amaravathi Has Got A+ Rating
It is known to our readers that the State Government has floated Bonds to pool in the necessary funds required for the construction of the People’s Capital – Amaravati. Reputed Credit Rating Agency in the country, Crisil has rated the bonds ‘A+’. This rating indicates the bonds are healthy investments and will be extremely useful to attract the investors. In the first phase, CRDA is expecting 2000 Crore from the Sale of these bonds. The State Government will be Surety for these bonds issued by CRDA. Chandrababu Naidu Government envisions the construction of a World-Class City as the Capital of Andhra Pradesh. The Central Government which was supposed to fund the capital has proved to be not helpful and so the state government is exploring its own way of funding the capital.