Rating Process
The CRA uses the following process when ranking projects, energy efficiency ( bonds, leverage loans, notes etc) and carbon assets:
- The CRA analyst team begins the rating with a quick review of the basic project documentation to identify a set of simple explanatory questions that are discussed with the client before a detailed analysis is initiated.
- Depending on the rating type (see "CRA Rating Suite") and the level of analysis required by the client, the analyst team will assess the project in detail in order to form an evaluation of the same within the scope of the rating exercise. Drawing upon CRA's database, a thorough statistical analysis and, if applicable, in-depth discussions with the project developer and involved stakeholders, the CRA determines the likelihood of the project performing according to its PDD prediction. In the event that the client requires a full rating exercise for a project or portfolio, the CRA will conduct site visits in addition to the normal desk-based analyses.
- In order to assure the quality of its work to clients, the CRA works with specific experts needed for the rating, and, where necessary, uses external specialists. For this purpose, the CRA has established relationships with a number of partner companies that provide the in-depth, technical experience needed to cover all technologies and sectors assessed by the CRA Rating Services.
All of CRA's independent opinions on the likely performance of project based emission reductions are vetted and approved by its independent rating committee (see “Rating Committee”) comprised of respected industry experts.
How It Works
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