ICRA enhances Godrej Properties rated bank limits to Rs 4500 cr

16 Sep 2022 , 11:27 AM

Godrej Properties announced the enhancement in the rated bank limits to Rs 4,500 crore from Rs 2,500 crore by ICRA. The credit rating for the enhanced bank facilities is reaffirmed at [ICRA]AA+/[ICRA]A1+. Outlook on the long-term rating is Stable. The rating for Rs 1,500 crore commercial paper (CP) is reaffirmed at [ICRA]A1+. The long term rating for Rs 1,000 crore NCD Borrowing Program is reaffirmed at [ICRA]AA+. Outlook on the long-term rating is StablePowered by Capital Market – Live News