Kolte - Patil Developers Limited has informed the Exchange about Credit Rating
KOLTEPATIL · price
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CRISIL has reaffirmed the credit ratings of Kolte-Patil Developers Limited for its bank loan facilities and listed Non-Convertible Debentures (NCDs) on March 25, 2026. The long-term rating stands reaffirmed at CRISIL AA-/Stable and the short-term rating at CRISIL A1+. Total bank loan facilities rated amount to Rs. 800 crore, including term loans from Axis Bank, Kotak Mahindra Investments, and IndusInd Bank, along with bank guarantees, overdrafts, and a proposed long-term facility of Rs. 244 crore. NCDs worth Rs. 206.5 crore, Rs. 134.2 crore, and Rs. 113.65 crore were also reaffirmed at CRISIL AA-/Stable. The Stable outlook indicates CRISIL's view that the company's credit profile is expected to remain steady over the near term.
This is a neutral-to-mildly-positive event for shareholders. The reaffirmation at AA-/Stable means CRISIL sees no deterioration in the company's credit quality, supporting investor confidence in the stock and its debt instruments, though it does not signal any upgrade or improvement in fundamentals.