Rajashree Murukute on India's Municipal Bond Market
We cover:
- How rating municipalities differs from corporates, why cities struggle with data disclosures, and why pooled finance may be the only way forward for smaller urban bodies.
- It also covers market liquidity, policy incentives, escrow structures, green bonds, retail participation, and the critical need for actual capital deployment.
Timestamps
0:00 — Intro
5:45 — How rating a municipality differs from rating a corporate
9:48 — Data collection challenges for ULBs
12:48 — Cash-based vs accrual-based accounting issues
17:10 — Cost of raising funds
18:35 — Who actually buys municipal…
The skinny
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