Credit rating agency, CRISIL has assigned ratings for bank facilities, Non-Convertible Debentures and Fixed Deposits of Kolte Patil Developers. The credit rating agency has assigned ‘A+/stable’ rating to Non-Convertible Debentures (NCDs) amounting Rs 100 crore of the company while it has assigned ‘FAA-/stable’ to Fixed Deposits amounting Rs 50 crore. The agency has reaffirmed the total bank facilities of the company amounting Rs 200 crore to ‘A+/stable’.
Kolte Patil Developers is a leading Pune-based real estate company incorporated in 1991. The company has developed and constructed 48 projects including 35 residential complexes, 9 commercial complexes, and 4 information technology parks covering a saleable area (KPDL share) of over 10 million square feet across Pune and Bengaluru.
