ICRA enhances Godrej Properties rated bank limits to Rs 4,500 crores

Mumbai, September 16, 2022: Godrej Properties Ltd. (GPL), on Friday announced the enhancement in the rated bank limits to Rs 4,500 cr from Rs 2,500 crores by ICRA.

Highlights:

Credit Rating Limits for bank facilities enhanced to Rs 4,500 crore from Rs 2,500 crores. Rating reaffirmed at [ICRA]AA+/[ICRA]A1+. Outlook on the long-term rating is “Stable”. 

Rating for Rs 1,500 Crore Commercial Paper (CP) reaffirmed at [ICRA]A1+. 

Long –term rating for Rs 1,000 crore NCD Borrowing Program reaffirmed at [ICRA]AA+. Outlook on the long-term rating is “Stable”.