CMC Secures A+ Rating, Gets Boost for Infrastructure Funding Plans

Cyberabad’s civic infrastructure plans gain financial backing as the corporation demonstrates strong revenue generation and long-term spending capacity.

Cyberabad Municipal Commissioner G. Srijana at a review meeting over CMC securing A+ rating with a Stable Outlook from India Ratings and Research. (Supplied)

PROPERTY PULSE

Hyderabad: Cyberabad Municipal Corporation (CMC) has secured an ‘A+’ issuer rating with a Stable Outlook from India Ratings and Research, highlighting its sound financial position and ability to support major urban development projects. The recognition comes as the rapidly expanding Cyberabad region requires sustained investment in civic amenities and essential infrastructure.

The rating reflects CMC's healthy revenue surplus, efficient property tax collection, and strong reliance on its own income sources. Its five-year revenue projections and proposed capital expenditure plans were also considered while assessing its long-term financial sustainability.

As part of the evaluation, India Ratings examined the corporation's provisional accounts for FY 2025-26 and half-year accounts for FY 2026-27. The agency also reviewed its projected income and proposed spending on development works over the next five years.

The rating agency observed that CMC's operating surplus is expected to adequately cover debt-servicing obligations if the corporation raises loans for urban infrastructure projects in the near to medium term. Its institutional framework, supportive economic profile and adequate capital utilisation were also identified as key strengths.

Meanwhile, CMC Commissioner G. Srijana said the ‘A+’ rating with a Stable Outlook recognises the corporation's financial discipline, institutional strength, effective revenue mobilisation and sound planning. She added that it reinforces the civic body's credibility and ability to undertake major development initiatives through sustainable management of resources.

For the real estate sector, the recognition is significant as sustained investment in roads, drainage and civic amenities will be essential to support residential and commercial growth across Cyberabad. The corporation's five-year spending plans are expected to play an important role in addressing these requirements.

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