MoneyWorks4Me

CRISIL upgrades ratings of Samruddhi Realty’s bank facilities

04 Sep 2015 Evaluate

Credit rating agency, CRISIL has upgraded rating of Samruddhi Realty’s Non Convertible Debentures of Rs 60 crore to ‘BB’ (SO)/ Stable from ‘BB-‘ /Stable. The rating upgrade reflects healthy improvement in the group's business risk profile, driven by steady construction progress and healthy saleability of its ongoing projects, and, the resulting improvement in the group's cash flow visibility over the medium term.

Samruddhi Realty a Bangalore based real estate property developer, had its ambitious beginnings in 2004.

Peers
Company Name CMP
Lodha Developers 958.50
Prestige EstatesProj 1384.50
Dilip Buildcon 359.30
DLF 654.40
Oberoi Realty 1583.80
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