Godrej Properties Ltd today announced the enhancement in the Commercial Paper(CP) limits to INR 1750 crore from INR 1500 crore by ICRA and CRISIL.

Highlights:

Credit Rating for Commercial Paper(CP) limits enhanced to INR 1,750 crore from INR 1,500 crore by ICRA and CRISIL. Ratings have been reaffirmed/assigned at [ICRA]A1+ and CRISIL A1+ respectively. Instruments with these rating are considered to have a very strong degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk.

Credit rating limits for bank facilities of INR 4,500 crore reaffirmed at [ICRA]AA+/[ICRA]A1+. Outlook on the long-term rating is “Stable”. Instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Long-term rating for INR 1,000 crore NCD borrowing program reaffirmed to [ICRA] AA+. Outlook on the long-term rating is “Stable”. Instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Also Read: Godrej Properties enters Golf Course Road Extension in Gurugram

You May Also Like

Maha Govt floats Global Tender for Dharavi Redevelopment

By Varun Singh In three months of coming to power the Eknath…

Builders opt for Swadeshi instead of Chinese imports

Builders body CREDAI, has asked developers to not depend on Chinese Imports…

India Leads Asia Pacific Office Market with 70% of Demand in Q3 2024, Driven by Flight to Quality

The Asia Pacific office market saw a 10.7% increase in demand in Q3 2024, driven by strong activity in India, New Zealand, and Singapore. India continues to dominate, accounting for over 70% of regional demand, as occupiers seek premium, ESG-compliant office spaces.

Sushant & Ankita had bought 2 different flats in 2013

Sushant Singh Rajput and Ankita Lokhande bought two different flats in 2013…