CARE revises credit ratings of Dilip Buildcon

Dilip Buildcon Limited has received a revision in credit ratings for bank facilities and non-convertible debentures (NCDs) from CARE Ratings. The rating on long-term bank facilities (Rs1940 crore) has been revised to CARE A-; Stable from CARE A; Stable.

For long-term/ short term bank facilities (Rs4500 crore) – CARE A-; Stable / CARE A2+ has been revised from CARE A; Stable/ CARE A1. The rating on Non-convertible debentures (Rs300 crore) has been revised to CARE A; Stable from CARE A; Stable.