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DLF Gets Brownie Points with CRISIL

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The credit rating agency known as CRISIL has prepared the result on the long term debt and the bank facilities regarding the nation’s largest realty segment known as the DLF. According to the sources saying at www.propertykhazana.com, the ratings have increased from negative to an awesome A+. The reason behind this is due to the expectations that the restrictions in the flow of funds will show a lot of improvement in the coming years. The positive approach will be good for DLF, whose chairman has been given Padma Bhushan for yeoman services to realty.
The flow of funds is going to increase over the coming years. The sale of DLF in the second half of 2010 is going to be awesome, compared to the first half. The annual sales are going to improve compared to the previous year. On a short note with www.propertykhazana.com, “DLF has gone and converted the debt from short-term to long-term, by inspecting the cash flows. Furthermore, to reduce the debt, it has gone and introduced a collective review to come out the non important business areas”. This approach is showing in the positive ratings.
According to the sources at www.propertykhazana.com, Chairman of DLF said, “This will hasten the mission to built new India. This is tribute to the entire realty segment that satisfies the need of common man”. DLF position will remain stable and concrete with approx 80% of the debts as on November 1, 2009 which is a long term. The company has to undertake a payment of approx INR 2,500 Crores over the next 17 months. This is against the cash and the bank balances of approx INR 1,200 Crores on September 30, 2009. This rating shows the tremendous profile of DLF, dynamic financial policies and flexibility. DLF business activities are influence by low rates and concrete market position. For more information, please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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