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CARE revises rating assigned to bank facilities of Ashiana Housing

03 Jan 2015 Evaluate

Credit rating agency, Credit Analysis and Research (CARE) has revised its credit rating assigned to Ashiana Housing from ‘BBB+’ Issuer Rating to ‘A- ‘Issuer Rating. This revision is given considering the recent developments including the operational and financial performance of the company.

Ashiana Housing is a fast growing real estate developer with its head office in New Delhi, India. The company has presence in group housing, active senior living, retail, hotels and facilities management.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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