Godrej Properties Limited has informed the Exchange about Credit Rating
GODREJPROP · price
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Awaiting price reaction for this filing.
Godrej Properties has received credit rating actions from ICRA and India Ratings on June 3, 2025. ICRA has reaffirmed [ICRA]AA+ (Stable) rating on Rs. 11,000 crore bank facilities and Rs. 4,000 crore Non-Convertible Debentures, along with [ICRA]A1+ on short-term facilities. The Commercial Paper limit with ICRA was enhanced from Rs. 2,500 crore to Rs. 3,500 crore, retaining the [ICRA]A1+ rating. India Ratings has assigned IND A1+ on Rs. 3,500 crore Commercial Paper and reaffirmed IND AA+ (Stable) on Rs. 2,500 crore Non-Convertible Debentures. All ratings remain in the high investment-grade category with a Stable outlook, indicating strong financial health.
Positive for shareholders — reaffirmation of AA+ ratings with Stable outlook reflects the company's strong credit profile and ability to raise funds at competitive rates. The enhanced Commercial Paper limit of Rs. 3,500 crore provides additional short-term funding flexibility for business operations.