Peninsula Land Limited has informed the Exchange about Credit Rating- Others
PENINLAND · price
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Peninsula Land Limited has been informed by CARE Ratings that its credit rating has been reaffirmed at 'CARE BBB-; Stable' for its long-term bank facilities. The rated amount stands at ₹300 crore, enhanced from the earlier ₹250 crore. The facility is a Rupee Term Loan under the Mahabank Commercial Lease Rental Discounting Scheme availed from Bank of Maharashtra. The rating review was based on the company's operational and financial performance for FY25 (Audited). No change in the rating or outlook was made — the status remains the same as before.
The reaffirmation signals that the rating agency views the company's credit profile as stable, which is a neutral-to-slightly-positive signal for shareholders. The ₹50 crore enhancement in the bank facility gives the company additional borrowing headroom, which could support liquidity or growth plans.