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Ansal’s rating upgraded by Fitch

1 Comment Sub Category:Mumbai,Realty News,Residential Real Estate Posted On: Jul 23, 2012

Fitch Ratings has upgraded Ansal Housing and Construction Ltd’s long-term rating and declared it stable. The rating comes as a good sign to the real estate industry as Ansal has been one of the major and reliable players with over two-decade experience in the domestic real estate business.

The rating reflects regular servicing of term loans by the company and notes that there are limited construction-related risks in the company’s ongoing projects as more than half of the land would be sold as plots.

To read more real estate news:

Forecast of Indian realty market by Fitch

Source: Business Line

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