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Godrej Properties receives upgrade in credit ratings

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Capital Market
Last Updated : Jul 30 2022 | 12:08 PM IST
Godrej Properties has received revision in credit ratings from ICRA as under:

Long term / short term fund based / non fund based - Rs 2500 crore
Long term rating - ICRA AA+; Stable (upgraded from ICRA AA; Positive)
Short term rating - ICRA A1+ (reaffirmed)

Non convertible debenture program (Rs 1000 crore) - ICRA AA+; Stable (upgraded from ICRA AA; Positive)

Commercial paper (Rs 1500 crore) - ICRA A1+ (reaffirmed)

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First Published: Jul 30 2022 | 11:48 AM IST

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