Announced Mon, 7 Sept · 17:50 IST
CARE places Oriental Hotels long-term rating on Positive Watch
ORIENTHOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹138.30
prior close
₹139.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.2-0.2+0.3+1.5+0.6+2.0+0.7+0.0+3.9————
Up moveDown movePending
AI summary
CARE Ratings has placed Oriental Hotels' long-term bank facility rating of CARE AA- on Rating Watch with Positive Implications, citing the announced merger with Indian Hotels Company Limited and its likely positive impact on the credit profile. The short-term rating of CARE A1+ on facilities worth Rs 81.86 crore was reaffirmed. Total rated facilities stand at about Rs 130.02 crore.
Likely market impact
Positive watch hints at a possible upgrade after the IHCL merger, which could ease borrowing costs and strengthen the credit profile.