Guest Column
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
New Delhi, January 04, 2023: Godrej Properties Ltd., on Wednesday announced the enhancement in the Commercial Paper(CP) limits to Rs 1,750 crore from Rs 1,500 crore by ICRA and CRISIL.
| Rating Agency | Instrument | Amount (Rs. in crore) | Ratings | Rating Actions |
| CRISIL Ratings Limited | Commercial Paper | 1,750 | CRISIL A1+ | Reaffirmed/assigned the ratings for the enhanced limit of INR 1,750 crore from INR 1,500 crore |
| ICRA Limited | Long/Short Term -Fund-based/Non fund based | 4,500 | [ICRA]AA+(Stable) (long-term rating) [ICRA]A1+ (short-term rating) | Reaffirmed |
| Non-Convertible Debenture Programme | 1,000 | [ICRA]AA+ (Stable) | Reaffirmed | |
| Commercial Paper | 1,750 | [ICRA]A1+ | Reaffirmed/assigned the ratings for the enhanced limit of INR 1,750 crore from INR 1,500 crore |
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