Royal Orchid Hotels Limited has informed the Exchange about Credit Rating- Revision
ROHLTD · price
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Awaiting price reaction for this filing.
ICRA has reaffirmed Royal Orchid Hotels' long-term credit rating at [ICRA]A- for its term loans of Rs. 26.14 crore and unallocated facilities of Rs. 19.86 crore (total Rs. 46 crore). While the actual rating remains unchanged, the outlook has been revised from Stable to Positive, indicating ICRA's improved view of the company's credit profile. The rated facilities are with HDFC Bank, and the surveillance review is due within one year.
This is a mildly positive development for shareholders — the outlook upgrade signals ICRA's confidence in potential further improvement in the company's financial health. It does not change the current rating level but could lead to better borrowing terms and reflects positively on the company's hospitality business prospects.