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ICRA revises rating for term loan programme of HB Estate Developers

28 Dec 2011 Evaluate

Credit rating agency, ICRA has revised the rating outstanding for the Rs 150 crore term loan programme of HB Estate Developers to ‘ICRA BB’ from ‘ICRA BBB-‘ earlier. The outlook on the long term rating is stable.

HB Estate Developers is primarily engaged in the development of commercial complexes. The Company is also planning to enter into development of residential complexes.

Peers
Company Name CMP
Lodha Developers 1163.50
Prestige EstatesProj 1487.65
Dilip Buildcon 413.55
DLF 674.00
Oberoi Realty 1834.30
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