INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
This research paper presents an empirical study aimed at assessing the credit risk associated with municipal bonds in India. The study identifies the key factors that affect the creditworthiness of these bonds and explores the impact of macroeconomic factors on their credit risk. The research methodology includes a detailed analysis of secondary data sources, such as reports published by credit rating agencies and official government data. The study finds that the credit risk associated with municipal bonds in India is high, primarily due to weak financial management and governance practices of local governments. The study recommends the adoption of best practices in financial management and governance, the development of a robust secondary market for municipal bonds, and the adoption of investor education programs to improve the creditworthiness of municipal bonds in India. The paper concludes with recommendations for policymakers and investors to make municipal bonds a more attractive investment option and foster the sustainable growth of Indian cities.
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"ASSESSING THE CREDIT RISK OF MUNICIPAL BONDS IN INDIA: AN EMPIRICAL STUDY", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 4, page no.e672-e682, April-2023, Available :http://www.ijnrd.org/papers/IJNRD2304490.pdf
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2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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