Credit rating agency -- ICRA has reaffirmed DLF’s Long Term Rating at A+, the outlook has been revised from positive to stable. There has been no change in the short term rating, it has been reaffirmed as A1. The change in outlook follows the outbreak of COVID-19 pandemic, with ongoing pan India lockdown and consequent economic uncertainties.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
