Smart Cities are now vying for credit ratings for mobilization of resources through municipal bonds, reflecting on their keenness to think and act differently.
Of the 97 smart cities, 89 have initiated this process of which 70 have completed it and 26 of them have already been given credit rating.
Eight cities viz., Ahmedabad, Bhopal, Indore, Jaipur, Kakinada, Pune, Rajkot and Visakhapatnam have already appointed Transactional Advisors for issuing municipal bonds. Total of 44 cities including 25 AMRUT cities have so far got credit ratings.
Details of cities and credit ratings:
| Smart cities | Credit rating | Amrut cities | Credit rating |
| Ahmedabad | AA minus | Bharatpur | BBB minus |
| Bhopal | A minus | Biakner | BBB minus |
| Bhubaneswar | BBB | Sriganganagar | BBB minus |
| Indore | A Plus | Hanumangarh (Raj) | BBB minus |
| Jaipur | A minus | Dholpur | BB plus |
| Kakinada | BBB | Gangapur city | BB plus |
| New Delhi Municipal
Council |
AA minus | Swai Madhopur | BB plus |
| Pune | AA plus | Churu | BB |
| Udaipur | BBB plus | Sujangarh | BB |
| Visakhapatnam | A | Hindan | BB |
| Ajmer | BBB plus | Kishangarh | A plus |
| Kota | BBB plus | Jhunjhunu | A |
| Nagpur | AB plus | Bhiwadi | A minus |
| Nashik | AA minus | Alwar | BBB plus |
| Navi Mumbai | AA plus | Tonk | BBB |
| Rourkela | BB plus | Pali | BB plus |
| Thane | AA minus | Jodhpur | BB |
| Bhilwara | BBB plus | ||
| Bundi | BB | ||
| Chittorgarh | BB | ||
| Jhalawar | BB minus | ||
| Baran | BB minus | ||
| Sikar | BB plus | ||
| Beawar | BBB plus |
