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.