Real Estate

ICRA upgrades long-term rating of VBHC Value Homes

Anil Urs Bengaluru | Updated on January 13, 2018 Published on March 06, 2017

ICRA (Investment Information and Credit Rating Agency) has upgraded the long-term rating of VBHC Value Homes Pvt Ltd (VBHC, previously Value and Budget Housing Corporation Pvt Ltd) to [ICRA] BBB+ (pronounced as ICRA triple-B plus) from [ICRA] BBB (pronounced as ICRA triple B) for the company’s Rs 77.5-crore (enhanced from Rs 70 crore) fund-based facilities. The outlook on the long-term rating is stable.

Jerry Rao, Chairman, VBHC, commenting on the upgrade said, “I welcome this endorsement of our strategy and execution and that in the atmosphere of negativity on real estate, we feel good that affordable housing has received a positive vote from ICRA.”



Published on March 06, 2017
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