Chalet Hotels receives affirmation in credit ratings from ICRA

1 Oct 2022 , 01:34 AM

Chalet Hotels has received affirmation in credit ratings from ICRA while the outlook on the long-term rating has been revised from Negative to Stable as under Term loans Rs 244076 crore – ICRA BBB; Stable Long term short term unallocated limits Rs 2224 crore – ICRA BBB; Stable ICRA A2 Long term fund based limits Rs 124 crore – ICRA BBB; Stable Short term non-fund based limits Rs 75 crore – ICRA A2