Signature Global Secures CARE A+ Rating for Rs. 875 Crore NCD Issue

Signature Global (India) Ltd., a prominent figure in the Indian real estate sector, announced the attainment of a CARE A+ rating from the credit rating agency CareEdge Ratings for its upcoming Rs. 875 crore Non-Convertible Debenture (NCD) issuance. This move is designed to refinance existing liabilities and further drive the company's business expansion.

The CARE A+ rating underscores the company's stable outlook, bolstered by sustained strong sales and collection performance across its ongoing projects. Known for developing over 146 lakh square feet of residential and commercial space, Signature Global's impressive track record played a pivotal role in securing this rating.

According to CareEdge Ratings, Signature Global's timely project completion and strategic diversification have contributed to its overall growth in sales and collections. The company achieved a 42% increase in bookings in FY25, alongside a 40% rise in collections, driven by new project launches. Future financial stability is projected with anticipated collections surpassing debt obligations significantly.

(With inputs from agencies.)