CARE Ratings has reaffirmed and withdrawn ratings of
SunTeck Realty Limited to the bank facilities of the company.
The rating on fund-based - LT-Term Loan has been reaffirmed at CARE AA- with Negative outlook and withdrawn. For Fund-based-LT -Bank Overdraft CARE AA- has been reaffirmed and withdrawn. On Non-fund-based - ST-BG/LC CARE Al+ rating has been reaffirmed and withdrawn.
“The rating has been withdrawn at the request of the company in the normal course of business and for which 'No Objection Certificate' is provided by the respective lenders. However, our rating continues with ICRA and India Ratings & Research,” company said in a regulatory filing on Tuesday.
Sunteck Realty Ltd ended at Rs360.25 per piece down by Rs7.35 or 2% on the BSE.