Godrej Properties Limited has informed the Exchange about Credit Rating
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India Ratings and Research has affirmed Godrej Properties' credit ratings on its borrowing instruments. Non-Convertible Debentures (NCDs) of Rs. 4,500 crore received an IND AA+ rating with Stable outlook, with the limit being enhanced from Rs. 2,500 crore. Commercial Paper of Rs. 3,500 crore was reaffirmed at IND A1+, the highest short-term rating. The action reflects the rating agency's continued confidence in the company's creditworthiness, while the higher NCD limit gives the company additional headroom to raise long-term debt.
The reaffirmed AA+ rating (high investment grade) and enhanced NCD borrowing limit strengthen Godrej Properties' ability to raise funds at competitive rates, supporting its growth and expansion plans. This is a positive signal for shareholders, indicating strong financial health and continued lender confidence, though it also signals intent to take on more debt for business operations.