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ICRA revises rating for Term Loan programme of HB Estate Developers to ‘D’

13 Aug 2013 Evaluate

Credit rating agency, ICRA has revised the rating outstanding for the Rs 150 crore Term Loan programme of HB Estate Developers to ‘BB’ from ‘D’ earlier. The credit rating agency has maintained the outlook on the rating as stable.

HB Estate Developers is primarily engaged in the development of commercial complexes. The company is also planning to enter into development of residential complexes.

Peers
Company Name CMP
Lodha Developers 1159.00
Prestige EstatesProj 1473.50
Dilip Buildcon 411.10
DLF 671.80
Oberoi Realty 1848.15
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