Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the intimation regarding revision in credit rating
THELEELA · price
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CRISIL Ratings has upgraded the long-term credit ratings of Schloss Bangalore Limited (The Leela) and its three material subsidiaries — Schloss Chennai, Schloss Chanakya, and Schloss Udaipur — from 'Crisil A-/Positive' to 'Crisil AA/Stable'. The upgrade covers total bank loan facilities of Rs. 1,528.86 crore for the parent company, Rs. 706.9 crore for the Chennai subsidiary, Rs. 1,210.73 crore for the Chanakya subsidiary, and Rs. 472.56 crore for the Udaipur subsidiary. The revision, dated July 17, 2025, reflects improved creditworthiness, with the outlook changed from Positive to Stable, indicating CRISIL's confidence in the group's financial health. This is a significant two-notch upgrade from A- to AA, signaling strong debt repayment capacity and lower credit risk.
This is a positive development for shareholders — the upgrade to AA/Stable from A-/Positive means lower borrowing costs for the Leela group, easier access to credit, and stronger investor confidence. The improved credit profile may support the stock price and future expansion plans of the hotel chain.