CARE assigns ‘A’ ratings to IRB Infrastructure Developers’ Proposed Secured NCD

Credit rating agency, CARE has assigned ‘A’ rating to IRB Infrastructure Developers’ Long-term-Proposed Secured Non Convertible Debenture worth Rs 100 crore.

The company has received the said rating on back of its experienced promoters in the Built, Operate and Transfer (BOT) road projects, in-house project execution capability resulting in healthy profitability margin, demonstrated financial flexibility and availability of liquid investment.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.