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Ansal Housing receives rating up-gradation from Fitch for long-term bank facilities

18 Jul 2012 Evaluate

Fitch Ratings, international credit rating agency has upgraded Ansal Housing & Construction’s (AHCL) long-term bank facilities rating to BB-(ind) from D(ind), the outlook is stable.

The upgrade reflects regular servicing of term loans by the company over the last six months. The ratings continue to draw comfort from the company’s over two-decade-long experience in the domestic real estate business; it has executed projects totaling over 69.5m sq ft to date.

Ansal Housing is one of the premier real estate developers in India and overseas, which has worked relentless for decades, to help build a stronger nation.

Peers
Company Name CMP
Lodha Developers 1104.75
Prestige EstatesProj 1494.10
Dilip Buildcon 398.95
DLF 662.60
Oberoi Realty 1775.00
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