Peninsula Land Limited has informed the Exchange about Credit Rating
PENINLAND · price
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Peninsula Land Limited has received a new credit rating from Infomerics Valuation and Rating Limited for its LRD (Loan) facility from Bank of Maharashtra. The rating assigned is IVR BBB- with a Stable outlook, for a total facility size of Rs. 278.90 crore (split as Rs. 234.88 crore and Rs. 44.02 crore). This is an initial rating assignment, not a review of an existing rating. The rating is valid for one year from the date of the rating committee and will be reviewed within 12 months. BBB- is the lowest investment grade rating, indicating moderate credit risk.
The BBB-/Stable rating is a moderately negative signal for investors as it is at the lower end of investment grade. It suggests the company has acceptable creditworthiness but with limited margin of safety. This may affect borrowing costs and investor sentiment.