Sunteck Realty receives upgrade in issuer ratings

Sunteck Realty announced that India Ratings has upgraded the company's long term issuer rating from IND AA- to IND AA with stable outlook. The instrument-wise rating action is as under:

Term loans - IND AA/ Stable (upgraded)
Proposed term loans - IND AA/ Stable (upgraded)
Short term (OD facility/ fund based working capital limits) - IND A1+ (affirmed)
Proposed term loans (new) - IND AA/ Stable (assigned)

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