ICRA reaffirms credit rating of Godrej Properties

7 Apr 2022 , 01:40 PM

ICRA Limited, rating agency vide their letters dated April 05, 2022, has reaffirmed the credit rating for Godrej Properties Limited instruments.

The rating on long / short-term fund based /non fund based Rs2500 crore instrument has been reaffirmed at ICRA AA (Positive). For Non-Convertible Debentures Programme Rs1,000 crore, ICRA AA (Positive) rating has been reaffirmed. The rating agency also reaffirmed ICRA A1+ rating on Commercial Paper Rs1,500 crore.

At around 1.40 pm, Godrej Properties Ltd was trading at Rs1,673.40 per share down by Rs7.95 or 0.47% from its previous closing of Rs1,681.35 per share on the BSE.