Latest news | Ind-Ra increases the long-term issuer rating of Capacit’e Infraprojects to stable

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New Delhi, November 26th (PTI) Capacit’e Infraprojects Limited announced on Friday that the rating agency Ind-Ra raised its long-term issuer rating to stable.

“India Ratings and Research (Ind-Ra) has upgraded its long-term issuer rating to IND BBB, which is stable versus the defaulting IND D (previously assigned),” the construction company said in a statement.

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The upgrade confirms the company’s financial positioning and focus on balance sheet growth, said Rohit Katyal, executive director and CFO of Capacit’e Infraprojects.

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The company will now focus on further strengthening the rating in the near future, he said.

“Our solid order backlog, our expansion plans and our efficiency show that we will continue to strengthen our market position,” said Katyal.

Capacit’e Infraprojects provides end-to-end construction services for apartments, commercial hospitals, hotels and industrial projects.

(This is an unedited and auto-generated story from the Syndicated News Feed. LatestLY Staff may not have changed or edited the content.)


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