Credit rating agency, ICRA has withdrawn the ‘BB (Stable)’ rating assigned for the Rs 150 crore bank facilities availed by HB Estate Developers consequent to their repayment in full. The fresh bank/credit facilities availed by the Company are not rated at present by any Credit Rating Agency.
HB Estate Developers is primarily engaged in the development of commercial complexes. The company is also planning to enter into development of residential complexes.