Oberoi Realty Limited has informed the Exchange about Credit Rating
OBEROIRLTY · price
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed the credit ratings on Oberoi Realty's debt instruments after a periodic review. The Rs. 300 crore commercial paper programme (yet to be issued) retains its highest short-term rating of CARE A1+. The Rs. 1,440 crore Non-Convertible Debentures continue to be rated CARE AA+ with a Stable outlook. Separately, another set of NCDs rated CARE AA+; Stable has been withdrawn by CARE Ratings on account of full repayment of those debentures by the company.
The reaffirmation of AA+ Stable rating signals strong financial health and low default risk, which is positive for shareholders and bondholders. The repayment of NCDs reflects healthy cash flow and active liability management, further strengthening the company's credit profile.