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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 1223.50
Prestige EstatesProj 1646.10
Dilip Buildcon 409.00
DLF 755.60
Oberoi Realty 1797.00
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