Disclosure of Credit Rating
SAYAJIHOTL · price
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Awaiting price reaction for this filing.
ICRA Limited has assigned and reaffirmed a credit rating of [ICRA]BBB+ (Stable) to Sayaji Hotels Ltd's banking facilities totaling Rs. 80 crore. The rating covers a Rs. 60 crore term loan and Rs. 15 crore working capital facility (both newly assigned), along with Rs. 5 crore in unallocated limits (reaffirmed), all from Axis Bank. The rating date is March 26, 2025, with the communication issued on April 7, 2025. BBB+ is an investment-grade rating indicating moderate to low credit risk, and the Stable outlook suggests no expected change in the near term.
The investment-grade rating with a Stable outlook signals healthy creditworthiness and borrowing capacity for shareholders, which is supportive for the stock. The newly assigned ratings on the term loan and working capital suggest the company has secured fresh funding from Axis Bank, which can be used for business expansion or operational needs.