PUNE, Mar 29: Gera Developments Private Limited (GDPL), pioneers of real estate business and award-winning creators of premium residential and commercial projects in Pune, Goa, Bengaluru and California (USA), has received an outlook upgrade from ‘stable’ to ‘positive’ and a reaffirmation of ‘AA minus’ for their long-term credit rating for its long-term bank facilities and listed non-convertible debentures (NCDs).
Additionally, the company’s short-term ratings have been reaffirmed at CARE A1 plus.
The upgrade in the outlook along with the reaffirmation of Gera Developments’ AA minus credit rating
underscores the company’s robust financial position, operational excellence and disciplined execution strategy.
Prudent financial management has ensured a healthy gross debt-to-collections ratio, expected to improve further, reinforcing the company’s financial resilience, said a release here on Saturday.
(UNI)
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