MoneyWorks4Me

CARE revises Anant Raj Industries' credit ratings to ‘BBB+’

29 Aug 2012 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised the credit ratings to ‘BBB+’ of Anant Raj Industries’ long term bank facilities of Rs 930 crore and for long term NCDs of Rs 425 crore, which had been issued by the company on private placement basis.

Anant Raj Industries is armed with one of the largest land banks in the region and is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects.

Peers
Company Name CMP
Lodha Developers 1126.80
Prestige EstatesProj 1480.15
Dilip Buildcon 399.40
DLF 672.35
Oberoi Realty 1774.50
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