Keystone Realtors’ Credit Rating Reinforced by CRISIL Ratings on Bank Facilities and NCDs
Keystone Realtors Ltd has received ratings from CRISIL Ratings concerning its debt instruments. The rating agency assigned a specific rating to the company's total bank loan facilities while simultaneously reaffirming the rating for its Non-convertible Debentures (NCDs).CRISIL Ratings designated the credit rating for Keystone Realtors’ Total Bank Loan Facilities as 'Crisil AA-/Stable'. This assessment covers various debt instruments and banking relationships held by the company.
The ratings received from CRISIL Rates provide a detailed overview of the status of the company's bank facilities:
| Total Bank Loan Facilities Rated | Amount (Rs. in Crore) | Long Term Rating |
|---|---|---|
| Total | 1165 | Crisil AA-/Stable (Assigned) |
The breakdown of the total outstanding bank loan facilities includes:
| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Overdraft Facility | Axis Bank Limited | 75 | Crisil AA-/Stable |
| 2 | Proposed Term Loan | 790 | Crisil AA-/Stable | |
| 3 | Term Loan | ICICI Bank Limited | 300 | Crisil AA-/Stable |
In addition to the assignment of a rating for bank facilities, CRISIL Ratings also reaffirmed a 'Crisil AA-/Stable' outlook rating concerning the company’s Rs. 335 Crore Non-convertible Debentures (NCDs). This reaffirmation indicates that these securities carry very low credit risk and pertain to timely servicing of financial obligations.
RUSTOMJEE Stock Price Movement
Keystone Realtors Limited shares on Tuesday slipped by 0.55% to settle at ₹419.35, trading down from previous closing levels. The stock saw a volume of 23,723 shares during the session and closed within its daily range, which spanned between ₹414 and ₹422.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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