08-Jun-2020
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Embassy Developments
This is to inform you that the rating committee of the rating agency Brickwork Ratings has reaffirmed the long-term rating of Indiabulls Real Estate Limited at BWR AA-.
Brickwork Ratings noted the following in reaffirming the ratings:
-The Companys strong liquidity position.
-Availability of OC received inventory and land bank.
-The Companys established track record of operations and experienced management team.
Please take the aforesaid information on record.
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