Crisil Ratings Limited assigned AA-/ Stable rating to the Rs. 335 Crore NCDs of the Company
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Keystone Realtors Limited (RUSTOMJEE) announced that Crisil Ratings has assigned a fresh AA-/Stable rating to Rs. 335 crore of Non-convertible Debentures (NCDs). The rating was assigned on May 11, 2026, and conveys that these securities carry a high degree of safety regarding timely servicing of financial obligations with very low credit risk. This is an initial rating assignment for the new NCD issuance, not a rating revision. The company must provide instrument details to Crisil within 180 days of the rating letter or seek revalidation if the issue structure changes.
The AA-/Stable rating is a strong investment-grade rating indicating low credit risk for debenture holders. This should facilitate easier borrowing at competitive rates for Keystone Realtors, which could support its growth plans in the real estate sector.