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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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