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India Ratings upgrades ratings assigned to bank facilities of Nila Infrastructures

17 Feb 2015 Evaluate

Credit rating agency, India Ratings & Research (a Fitch Group company), has upgraded the ratings assigned to bank facilities of Nila Infrastructures.

The credit rating agency has upgraded the Bank Loan Ratings for the Fund Based Limits amounting to Rs 38.48 crore to ‘BBB’ with stable outlook and Non Fund Based Limits amounting to Rs 17.42 crore to ‘BBB’ and ‘A3+’ with stable outlook.

Nila Infrastructures is involved in the construction of luxurious bungalows, commercial and residential buildings, infrastructure projects such as industrial estates including roads, plots, sheds, lighting, etc.

Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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