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ICRA revises long term credit rating of Sobha

23 Aug 2017 Evaluate

Credit rating agency, ICRA has revised the long term Credit Rating and upgraded the long term Credit Rating for Non-Convertible Debentures (NCDs) issued by the Sobha and Line of Credit of the company from ‘A (Stable)’ to ‘A+ (Stable)’.

Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.

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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