NMC's green bonds secure CRISIL's 'AA+ stable' rating
Nashik Municipal Corporation (NMC) has secured an "AA+ stable" credit rating from CRISIL for its proposed green municipal bonds. This rating enables NMC to raise Rs200 crore for sewage management projects in preparation for the 2026-28 Simhastha Kumbh Mela. Nashik will be the second civic body in Maharashtra to utilize green bonds, receiving incentives for this initiative.
Nashik Municipal Corporation (NMC) has secured an "AA+ stable" credit rating from CRISIL for its proposed green municipal bonds. This rating enables NMC to raise Rs200 crore for sewage management projects in preparation for the 2026-28 Simhastha Kumbh Mela. Nashik will be the second civic body in Maharashtra to utilize green bonds, receiving incentives for this initiative.
