Credit rating agency, ICRA has reaffirmed ‘A’ rating to Rs 4,000 crore NCD programme of DLF. The rating agency has also reaffirmed ‘A’ rating to Rs 8,542 crore Fund Based facilities and Rs 1,160 crore Non-fund Based facilities of the company. The rating has been removed from rating watch with negative implications. The long term rating has been assigned a Negative outlook.
The company has received the said ratings as its subsidiaries and the company given the strong operational, financial and management linkages among various entities. Further, ICRA had placed the rating of DLF on „watch with negative implications post Securities Exchange Board of India’s (SEBIs) order dated October 10, 2014.
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.
