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ICRA upgrades credit rating of DLF to AA- with Stable outlook

30 Nov 2021 Evaluate

DLF has received a ratings upgrade from the country's premier rating agency ICRA to AA- with Stable Outlook. This follows the recent rating upgrade done by another premier rating agency CRISIL in August. The long term rating has been upgraded to AA- / Stable.

The ratings upgrade demonstrates the strong business fundamentals of the Company and reflects the underlying improvement in the operating performance.

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.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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