Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ('SEBI LODR Regulations'), we wish to inform you that Infomerics Valuation and Rating ....
PENINLAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peninsula Land Ltd has received a new credit rating of IVR BBB-/Stable from Infomerics Valuation and Rating Limited for its Rs. 278.90 crore LRD (Lease Rental Discounting) loan facility with Bank of Maharashtra. The rating has been assigned for two tranches - Rs. 234.88 crore and Rs. 44.02 crore, both maturing in March 2039. The BBB- rating is the lowest tier within investment grade, indicating moderate credit risk. The Stable outlook suggests the rating is expected to remain unchanged over the next 12 months. This is a routine disclosure under SEBI LODR regulations notifying the stock exchanges of the credit assessment of the company's debt facility.
The BBB-/Stable rating is relatively weak investment grade, signaling that the company has moderate financial vulnerability. This may limit Peninsula Land's ability to raise debt at favorable rates, but the facility appears to be adequately secured against property rentals. For shareholders, this is neutral news unless the company faces further rating pressure.