Ventive Hospitality Limited has informed the Exchange about Credit Rating- New
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Ventive Hospitality Limited has received a long-term credit rating of CRISIL AA/Stable from CRISIL Ratings Limited for its total bank loan facilities of Rs. 2,050 crore. The rating is on the long-term bank loan facilities of the company and has been assigned, not revised. The rated facilities include a term loan of Rs. 1,235 crore from HSBC, a term loan of Rs. 776 crore from ICICI Bank, an overdraft of Rs. 21 crore from HSBC, and a proposed long-term bank loan of Rs. 18 crore. AA rating with Stable outlook indicates a high degree of safety on the debt obligation, reflecting strong financial health. This is the first formal credit rating disclosed by the company for these bank facilities.
A CRISIL AA rating with Stable outlook is a strong investment-grade rating, which should improve the company's borrowing credibility and may help in securing loans at competitive interest rates. For shareholders, this signals financial stability and lower default risk on the company's debt of Rs. 2,050 crore.