Samhi Hotels Limited has informed the Exchange about Credit Rating
SAMHI · price
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Awaiting price reaction for this filing.
ICRA has placed the credit ratings of Samhi Hotels Limited and four of its subsidiaries on 'rating watch with positive implications' following the company's announcement of a proposed transaction with GIC (Singapore's sovereign wealth fund). The current ratings remain unchanged at [ICRA]A- for long-term facilities and [ICRA]A2+ for short-term facilities. Total rated debt across the company and its subsidiaries stands at approximately Rs 1,204 crore, including term loans, overdrafts, and bank guarantees. One subsidiary (Ascent Hotels) was placed on 'rating watch with developing implications' rather than positive, suggesting ICRA sees the GIC deal as likely to strengthen the overall credit profile but is waiting to see the final structure before committing to a rating action.
This is a positive signal for shareholders — the proposed GIC transaction could lead to a credit rating upgrade, which would lower borrowing costs and strengthen the company's financial standing. Watch the stock for momentum as further details of the GIC deal emerge.