India Ratings and Research (Ind-Ra) has downgraded the Ansal Housing and Construction’s Issuer Rating to ‘D’ from ‘BB’. The rating agency has also downgraded rating of the company’s secured overdraft limits worth Rs 75 crore to ‘D’ from ‘BB’.
Moreover, Ind-Ra has downgraded rating of the company’s non fund-based limits worth Rs 71.63 crore to ‘D’ from ‘A4+’ earlier, while the rating agency has downgraded rating of the company’s term deposit programme worth Rs 140 crore at ‘tD’ from ‘tB’ earlier.
Ansal Housing is one of the premier real estate developers in India and overseas. The company has developed world-class townships, residential complexes, commercial complexes, retail space, hotels and movie-halls that have set new standards in quality and architectural excellence.
Company Name | CMP |
---|---|
Dilip Buildcon | 470.60 |
Macrotech Developers | 1122.75 |
NBCC (India) | 132.65 |
Prestige EstatesProj | 1507.75 |
DLF | 825.75 |
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