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CRISIL downgrades rating assigned to Parsvnath Developers’ arm’s bank facilities

20 Apr 2018 Evaluate

Credit rating agency, CRISIL has downgraded the rating assigned to Parsvnath Developers’ wholly owned subsidiary -- Parsvnath Landmark Developers’ Non-Convertible Debentures (NCDs) worth Rs 200 crore from ‘BB-’ to ‘B+/Stable’.

Parsvnath Developers has diversified portfolio, which includes, integrated townships, group housing, commercial complexes, hotels, IT parks, among others.

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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