Ansal’s rating upgraded by Fitch
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
Ansal Housing and Construction Ltd, Construction, construction-related risk, Fitch Ratings, Indian realty companies, Real estate business, Real Estate Industry, Realty News, Realty sector
[...] Ansal’s rating upgraded by Fitch [...]