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BSE: 532873NSE: HDILISIN: INE191I01012

20th-Mar-2013 13:53Source: BSE

HDIL - Credit Rating

Housing Development and Infrastructure Ltd has informed BSE that the Company is in receipt of letter from Credit Analysis & Research Ltd dated March 19, 2013 informing that, they (CARE) have revised the rating from CARE BBB+ (Triple B Plus) to CARE D assigned to the non-convertible debentures (NCD) issue of the Company citing recent developments.

The Company has not accepted the said rating assigned by CARE and would like to reiterate the Companys strong financial and operational performance and sound fundamentals and the Company has submitted to CARE to review / restore the rating.

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