Announced Tue, 30 Jun · 19:35 IST
ICRA reaffirms A+ rating on subsidiary Ascent Hotels; facility enhanced to Rs 287.20 cr
SAMHI · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹174.51
prior close
₹174.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.3+0.2+0.2+1.3+2.0-0.4-0.1-3.3-0.3-6.0———
Up moveDown movePending
AI summary
ICRA has reaffirmed [ICRA]A+ (Stable) rating on Ascent Hotels Pvt Ltd (subsidiary) long-term term loan of Rs 237.20 cr and [ICRA]A1 on short-term overdraft of Rs 50 cr. Ratings were assigned for enhanced amounts, taking total rated facilities to Rs 287.20 cr.
Likely market impact
A+ rating reaffirmed with stable outlook, indicating continued creditworthiness. Enhanced facility size signals stronger borrowing capacity for subsidiary.