Credit rating agency, CRISIL has assigned ‘Negative’ outlook to DLF long-term loans and debt instruments on account significantly high debt level, weak operating cash flows.
The outlook also factors in residual uncertainty over regulatory issues. However, rating agency has removed ratings on instruments from ‘Watch with Negative Implications’. It reaffirmed the ratings at ‘A’.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.
