TGB Banquets And Hotels Limited has informed the Exchange about Credit Rating- New
TGBHOTELS · price
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CARE Ratings has reaffirmed the credit rating on TGB Banquets and Hotels Limited's long-term bank facilities at CARE B+ with a Stable outlook. The rated facilities total ₹5.28 crore, comprising a ₹5.15 crore cash credit limit from Indian Overseas Bank and a ₹0.13 crore bank guarantee from State Bank of India. The review was based on the company's audited FY25 and unaudited 9MFY26 operational and financial performance. CARE B+ sits in the speculative (junk) grade on CARE's rating scale, indicating high credit risk. The rating action is a reaffirmation, meaning the rating level and outlook remain unchanged from the previous assessment.
The reaffirmed CARE B+ (speculative grade) rating signals continued high credit risk and may keep borrowing costs elevated. This is unlikely to boost investor sentiment in the near term, though the Stable outlook prevents any immediate negative reassessment.