Mumbai, July 16 -- CARE Ratings stated that the rating assigned to bank facilities of RRL derives strength from strong operational performance supported by healthy booking status in the intermediate stage of execution, consistent improvement in annual bookings and collections of the company, and favourable market position, particularly in Thane real estate market.

The rating also factors in the company's strong financial risk profile marked by current net debt free status and healthy committed receivable coverage position.

The rating also factors in the presence of resourceful promoter group and experienced management profile which provides healthy financial flexibility to the company, being part of Raymond Group.

However, rating stren...