Ansal Housing receives rating up-gradation from Fitch for long-term bank facilities

Accord Fintech – Wed 18 Jul, 2012 6:09 PM IST

Fitch Ratings, international credit rating agency has upgraded Ansal Housing & Construction’s (AHCL) long-term bank facilities rating to BB-(ind) from D(ind), the outlook is stable.

The upgrade reflects regular servicing of term loans by the company over the last six months. The ratings continue to draw comfort from the company’s over two-decade-long experience in the domestic real estate business; it has executed projects totaling over 69.5m sq ft to date.

Ansal Housing is one of the premier real estate developers in India and overseas, which has worked relentless for decades, to help build a stronger nation.

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