Keystone Realtors Limited — Credit Ratings, 07-05-2025: Credit Rating- New

ICRA has upgraded Keystone Realtors Limited’s long-term ratings from A (Positive) to A+ (Stable), reflecting improved financial strength and stability. The upgrade is driven by stronger debt servicing ability and a healthier liquidity profile. With rated debt at Rs. 1,000 crore, this enhancement is expected to reduce the company’s borrowing costs and increase investor confidence, offering greater strategic flexibility. The outlook has been revised to Stable, indicating steady credit conditions in the near term.