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Sunteck Realty Limited rating affirmed 'AA-' with the outlook upgraded to 'Positive' – India Education,Education News India,Education News


Mar 21, 2021
The upgrade in Outlook reflects the credit rating agency’s expectation of an improvement in the business profile of Sunteck due to acceleration in the already consolidating residential real estate market, with the pandemic-related disruptions having constrained demand and supply from unorganised real estate developers. The outlook upgrade is also supported by the resilient operating performance of Sunteck despite the pandemic. The price point diversity across completed, ongoing and new project launches, prudent financial policies, strong credit metrics and cashflow visibility also provided conviction to the outlook upgrade.
Commenting on the same, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “This affirmation of ‘AA-’ credit rating with upgrade in outlook to ‘Positive’ by India Ratings is a reflection of our continued focus on prudent cash flow management along with financial discipline. Strong operating cash flows ha ....

Andhra Pradesh , Kamal Khetan , Sunteck Realty , Sunteck Realty Ltd , India Ratings Research Fitch Group , Sunteck Realty Limited , India Ratings , Fitch Group , Managing Director , ஆந்திரா பிரதேஷ் , கமல் கேட்டான் , சுந்டேக்க் ரியல்டீ , சுந்டேக்க் ரியல்டீ லிமிடெட் , இந்தியா ரேடிஂக்ஸ் ஆராய்ச்சி ஃபிட்ச் குழு , சுந்டேக்க் ரியல்டீ வரையறுக்கப்பட்டவை , இந்தியா ரேடிஂக்ஸ் , ஃபிட்ச் குழு , நிர்வகித்தல் இயக்குனர் ,

Sunteck Realty Limited rating affirmed 'AA-' with the outlook upgraded to 'Positive'


Sunteck Realty Limited rating affirmed AA- with the outlook upgraded to Positive
Posted On:
2021-02-25 08:48:36
(Time Zone: Arizona, USA)
Sunteck Realty Limited, Mumbai s premium real estate developer announced its long-term issuer rating affirmation of AA- with the outlook upgraded to Positive by India Ratings & Research (Fitch Group).The short term issuer rating has been affirmed A1+ .
The upgrade in Outlook reflects the credit rating agency s expectation of an improvement in the business profile of Sunteck due to acceleration in the already consolidating residential real estate market, with the pandemic-related disruptions having constrained demand and supply from unorganised real estate developers. The outlook upgrade is also supported by the resilient operating performance of Sunteck despite the pandemic. The price point diversity across completed, ongoing and new project launches, prudent financial policies, strong credit metrics and cashflo ....

United States , Kamal Khetan , Sunteck Realty , Sunteck Realty Ltd , India Ratings Research Fitch Group , Realty Limited , Time Zone , India Ratings , Fitch Group , Managing Director , ஒன்றுபட்டது மாநிலங்களில் , கமல் கேட்டான் , சுந்டேக்க் ரியல்டீ , சுந்டேக்க் ரியல்டீ லிமிடெட் , இந்தியா ரேடிஂக்ஸ் ஆராய்ச்சி ஃபிட்ச் குழு , ரியல்டீ வரையறுக்கப்பட்டவை , நேரம் ஸோந் , இந்தியா ரேடிஂக்ஸ் , ஃபிட்ச் குழு , நிர்வகித்தல் இயக்குனர் ,