Sayaji Hotels Limited Receives Credit Rating Reaffirmation from ICRA
Sayaji Hotels Limited announced that ICRA Limited has reaffirmed the credit ratings for the company’s instruments. The reaffirmation, communicated in a letter dated March 30, 2026, applies to the following: a long-term fund-based term loan of ₹60 crore, a long-term fund-based working capital limit of ₹15 crore, and unallocated limits of ₹5 crore. All instruments have been reaffirmed at [ICRA]BBB+ (Stable).The ratings are due for surveillance within one year. ICRA reserves the right to review and revise the ratings based on new information or circumstances. Lenders and investors are encouraged to visit ICRA’s website at www.icra.in for the latest ratings.
The reaffirmation reflects ICRA's assessment of Sayaji Hotels Limited's creditworthiness.
Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale)
| Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale) | Amount (Rs. Crore) | Rating | Rating Assigned on |
|---|---|---|---|
| Fund Based - Term Loan | 60 | [ICRA] BBB+ (Stable) | March 24, 2026 |
| Fund Based - Working Capital | 15 | [ICRA] BBB+ (Stable) | March 24, 2026 |
| Unallocated | 5 | [ICRA] BBB+ (Stable) | March 24, 2026 |
| Total | 80 |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.