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ICRA assigns ‘BBB-’ ratings to Skyline Millars’ Line of Credit

29 Apr 2013 Evaluate

Credit rating agency, ICRA has assigned ‘BBB-’ rating to Skyline Millars’ Line of Credit (Term Loan & Cash Credit Limit) granted by Bank of Maharashtra. The rating agency assigned the ratings with stable outlook.

Skyline Millars main activities are manufacturing of construction equipment and EOT cranes. It has recently entered into property development business. The company has also taken up property development business and is building Skyline Oasis, near Vidyavihar Station in Mumbai.

Peers
Company Name CMP
Lodha Developers 1115.10
Prestige EstatesProj 1458.00
Dilip Buildcon 425.25
DLF 631.05
Oberoi Realty 1778.00
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