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India Rating and Research assigns ratings to bank facilities of SSPDL

28 Aug 2015 Evaluate

Credit rating agency, India Rating and Research has assigned a Long-Term Issuer Rating of ‘BB’ to SSPDL. The outlook is stable. The agency has also assigned company’s proposed Rs 10 crore fund-based working capital limits a ‘Provisional BB’ rating with a stable outlook.

SSPDL, formerly the Srinivasa Shipping and Property Development, is a leading infrastructure and real estate development company in south India.


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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