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.