GMR Airports Limited announced that CARE Ratings Limited has upgraded its ratings for the company’s Non-Convertible Bonds from “CARE A+; Positive” to “CARE AA-; Stable”. The agency also upgraded ratings for the company’s Long Term Bank Facilities to “CARE AA-; Stable” and reaffirmed the “CARE A1+” rating for Short Term bank facilities. These upgrades reflect improved creditworthiness for its debt instruments.
GMR Airports Receives Enhanced Credit Ratings
August 25, 2026 – GMR Airports Limited has received a significant upgrade in its credit ratings from CARE Ratings Limited. This development is expected to enhance the company’s financial flexibility and reduce borrowing costs.
Key Rating Changes
The Non-Convertible Bonds issued by GMR Airports Limited, totaling up to Rs. 1500 crores, have been upgraded from “CARE A+; Positive” to “CARE AA-; Stable”. Furthermore, the ratings for the Long Term Bank Facilities, both availed and to be availed by the company, have also been elevated to “CARE AA-; Stable”.
Additionally, CARE Ratings Limited has reaffirmed the rating for the company’s Short Term bank facilities at “CARE A1+”, indicating a strong capacity to meet short-term financial obligations.
The detailed letters from CARE Ratings Limited outlining these upgrades are available on the GMR Airports Limited website.
Source: BSE
