ICRA has upgraded credit rating A- to Brigade Enterprises from BBB+ for the long term credit facilities of Rs 1403.79 crore from Banks. The outlook on the long term rating is stable.
Brigade Enterprises is a flagship company of Brigade Group, which is one of South India's leading property developers. The company has completed 67 residential, commercial, retail and hospitality projects, covering over 6.74 million square feet of developable area.