29.10.2015 09:00:00
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Indiabulls Real Estate Limited -- Moody's: Indiabulls' ratings unchanged as company commits to reduce debt
Singapore, October 29, 2015 -- Moody's Investors Service says that Indiabulls Real Estate Limited's B1 corporate family ratings (CFR) with a stable outlook remain unchanged, despite its weak credit metrics, because the ratings incorporate the company's commitment to reduce borrowings through asset sales, cash equity injections by the promoter, and improvements in cash flows from operations.