Business Update20 Apr 2024, 10:18 pm
CRISIL Revises Dilip Buildcon's Outlook from 'Negative' to 'Positive', Ratings Reaffirmed
AI Summary
CRISIL Ratings has revised the outlook on the bank facilities and non-convertible debentures (NCDs) of Dilip Buildcon Limited (DBL) from ‘Negative’ to ‘Positive’. The rating on the short-term facilities has been reaffirmed at ‘CRISIL A1’. CRISIL Ratings has also withdrawn its rating on NCDs of Rs 100 crore as these have been fully redeemed.
Key Highlights
- CRISIL revised Dilip Buildcon's outlook from 'Negative' to 'Positive'
- Ratings reaffirmed for total bank loan facilities and short-term facilities
- NCD ratings withdrawn due to full redemption