Kolte-Patil Developers Ltd. Reaffirms Ratings for Bank Loan Facilities and Non-Convertible Debentures
Kolte-Patil Developers Ltd. announced on March 25, 2026, that CRISIL Ratings has reaffirmed ratings for the company's bank loan facilities and Listed Non-Convertible Debentures.The reaffirmed ratings are as follows:
Bank Loan Facilities:
| Total Bank Loan Facilities Rated | Rs.800 Crore |
|---|---|
| Long Term Rating | Crisil AA-/Stable |
| Short Term Rating | Crisil A1+ |
Non-Convertible Debentures:
- Rs.206.5 Crore - Crisil AA-/Stable
- Rs.134.2 Crore - Crisil AA-/Stable
- Rs.113.65 Crore - Crisil AA-/Stable
A detailed breakdown of bank-wise facilities is provided in Annexure 1.
According to CRISIL Ratings, securities with a Crisil AA-/Stable rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry a very low credit risk. CRISIL Ratings reserves the right to withdraw or revise the ratings at any time.
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