CARE Ratings has withdrawn the AA+ (CE); Stable rating assigned to a facility of Incline Realty Private Limited, a subsidiary of Oberoi Realty. The withdrawal follows the full repayment of the bank facility. Information regarding the rating withdrawal is available on CARE Ratings’ website. The facility had a corresponding unsupported rating of CARE AA-.
Credit Rating Withdrawal
Oberoi Realty, through its subsidiary Incline Realty Private Limited, has announced the withdrawal of its AA+ (CE); Stable credit rating by CARE Ratings. This action is a direct result of the complete repayment of a facility previously obtained from a bank.
Details of the Withdrawn Rating
The credit rating of AA+ (CE); Stable was initially assigned to a specific facility held by Incline Realty Private Limited. Following the full repayment of this facility, CARE Ratings has officially withdrawn the rating. The facility also carried an unsupported rating of CARE AA-. Additional details regarding the withdrawal are accessible on the CARE Ratings website.
Source: BSE