CARE Ratings Assigns Credit Ratings to Viceroy Hotels Ltd’s Bank Facilities
CARE Ratings Limited has assigned credit ratings to the bank facilities of Viceroy Hotels Limited, detailing the rating structure for both long-term and short-term facilities.According to the rating assessment, Viceroy Hotels Limited received ratings for its bank facilities, covering an overall facility structure involving long term and short term bank facilities.
CARE Ratings presented the following ratings summary for the bank facilities:
| Agency | Facilities | Amount (₹ in Crore) | Rating | Rating Action |
|---|---|---|---|---|
| CARE Ratings Limited | Long Term Bank Facilities | 227.83 | CARE BBB; Stable | Assigned |
| Short Term Bank Facilities | 2.5 | CARE A3+ | Assigned |
Detailed Breakdown of Rated Facilities
The detailed analysis of the facilities revealed the following components:Long Term Facilities
The total value for Long Term Facilities was rated at ₹227.83 crore.
* Term Loans:
* Kotak Mahindra Bank Ltd: ₹176.83 crore (Repayment Terms: 144 monthly instalments ending December 2037)
* Aditya Birla Capital Limited: ₹50 crore (Repayment Terms: 144 monthly instalments ending December 2037)
* Total: ₹226.83 crore
* Fund Based Limits:
* Kotak Mahindra Bank Ltd: ₹1 crore (Total FB and NFB sanctioned limit is ₹2.50 crore, including interchangeability of limits).
* Total: ₹1 crore
Short Term Facilities
The total Short Term Facilities rated amount was ₹2.50 crore.
* Non-Fund Based Limits:
* Kotak Mahindra Bank Ltd: ₹2.5 crore (Total FB and NFB sanctioned limit is ₹2.50 crore, including interchangeability of limits).
* Total: ₹2.5 crore
The composite rating report also noted that the total facilities across all categories (Long Term Facilities + Short Term Facilities) amounted to ₹230.33 crore.
VHLTD Stock Price Movement
Viceroy Hotels Limited shares edged higher on Monday, settling at ₹138.22, reflecting a slight gain of 0.05%. The stock recorded a modest volume of 8,296 shares during the day's trading session.Source:
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