Discloser of Credit Rating of the Company - Regulation 30 of Securities and Exchange of India (Listing Obligations and Discloser Requirements) Regulation, 2015
SAYAJIHOTL · price
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ICRA Limited has reaffirmed its credit rating of [ICRA]BBB+ (Stable) for Sayaji Hotels Ltd's banking facilities totalling Rs. 80 crore. The facilities include a Rs. 60 crore term loan, Rs. 15 crore working capital limit, and Rs. 5 crore unallocated limits, all from Axis Bank. The rating was assigned on March 24, 2026, and communicated to the company on March 30, 2026. A 'reaffirmation' means the rating and outlook remain unchanged from the previous assessment.
No material impact for shareholders — the reaffirmation of BBB+ with a Stable outlook signals that ICRA views the company's credit profile and debt-servicing ability as unchanged, neither improving nor deteriorating. BBB+ is a mid-investment-grade rating, suggesting moderate credit quality.