000			01477nam a22002057a 4500
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100			_aP. Rajajaishankar _93106
245			_aCredit Enhancement _bAn enabler for secondary market development of infrastructure Finance in India
260			_aNoida _bIndian Institute of Finance _c2023
300			_aVol XXXVII No 1 Pg 39-58
520			_aQuantum of investment needed for Indian infrastructure are huge.Credit Enhancement strengthens the lower rated bonds by bringing in some safety features and help increase in the bond market activities. This paper examines various ways of credit enhancement, their usefulness, especially for infrastructure projects. A few cases Indian as well as International have been discussed which highlight the benefits of CE as a potential tool to augment cost effective long term f8ixed resources from bond market. One common finding is that is process beneficial to all stakeholder certainly reduces financial cost and elongates the repayment period. This paper primarily deals with external credit enhancement offered by third party enhancers which include Letter of Credit and wrapped Securities that have been found to be best tools
650			_aFinance _93107
650			_aInvestment _93108
650			_aInfrastructure _93109
650			_aBonds _93110
700			_aGireesh chandra tripathi _93111
700			_aMeghna sharma _93112
773			_tFinance India
942			_cAR
999			_c39156 _d39156