GMR AIRPORTS LIMITED has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed the rating of 'CRISIL A+/Stable' for GMR Airports' Non-Convertible Bonds worth Rs. 6,000 crores, indicating stable credit quality on the long-term debt. Separately, CRISIL has withdrawn its earlier 'CRISIL A1' rating on Rs. 1,000 crores of short-term bank facilities, not due to any credit deterioration, but because the company has switched rating agencies for this exposure. The company has now obtained a rating of 'CARE A; Stable / CARE A1' from CARE Ratings for the same Rs. 1,000 crores of short-term bank facilities, which was already communicated to exchanges on December 20, 2025.
No negative impact for shareholders — the long-term bond rating is reaffirmed at A+ with a stable outlook, and the short-term rating withdrawal is a routine agency switch with an equivalent rating in place from CARE. This is a neutral to mildly positive signal, suggesting the company maintains solid creditworthiness on its Rs. 6,000 crore bond issuance.