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Entity-Specific Rating Rationales

11 Dec 2025

DLF Limited: Long-term rating upgraded and outlook revised to Stable from Positive; Short term ratings reaffirmed

DLF Limited: Long-term rating upgraded and outlook revised to Stable from Positive; Short term ratings reaffirmed

24 Apr 2025

DLF Limited: Ratings reaffirmed; outlook revised to Positive from Stable

DLF Limited: Ratings reaffirmed; outlook revised to Positive from Stable

11 Mar 2025

DLF Limited: Change in Limits

DLF Limited: Change in Limits

19 Jul 2024

DLF Limited: Change in Limits

DLF Limited: Change in Limits

26 Apr 2024

DLF Limited: Ratings reaffirmed

DLF Limited: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

22 May 2025

DLF Limited

DLF Limited (Non-SF)

24 May 2024

DLF Limited

DLF Limited (Non-SF)

03 May 2023

DLF Limited

DLF Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-fund based - Working Capital Facilities/Bank Guarantee -- -- [ICRA]AA+(Stable) --
Long-term – Fund based – Working Capital Facilities -- -- [ICRA]AA+(Stable) --
Non-convertible Debentures^ -- -- [ICRA]AA+(Stable) --
Long term unallocated -- -- [ICRA]AA+(Stable) --
Non-Convertible Debentures -- -- Withdrawn --
Commercial Paper [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Chintan Chheda

Analyst 2

Sweta Shroff

Sector Head

Ashish Modani
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