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.
