Emami Realty Limited has informed the Exchange about Credit Rating
EMAMIREAL · price
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Awaiting price reaction for this filing.
India Ratings and Research (Ind-Ra) has affirmed Emami Realty Limited's long-term bank loan rating at 'IND A-/Stable', meaning the rating stays unchanged with a stable outlook. The total rated bank facility size stands at INR 3,650 million, reduced from INR 4,100 million earlier, indicating some debt repayment or facility downsizing. The facilities are spread across term loans from DCB Bank, IndusInd Bank, Axis Bank, and ICICI Bank. The rating remains in the investment-grade category, reflecting stable creditworthiness.
No negative impact — the rating affirmation with stable outlook signals continued credit stability. The reduction in facility size (from 4,100 to 3,650 million) suggests modest deleveraging, which is mildly positive for shareholders as it indicates debt reduction.