Credit rating agency, Fitch Ratings has affirmed India-based IRB Infrastructure Developers (IRB) long term bank facilities rating at A-(ind) with a Stable Outlook.
The ratings reflect the strong cash flow generation capability of the company’s 12 operational build, own, and transfer (BOT) projects as well as its 15-year-long track record in the construction industry.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. The company, along with its subsidiaries, has constructed or operated and maintained around 1200 km of road length so far and one of the major road developers in the country.
