SAMHI Hotels Ltd. announced significant credit rating upgrades from ICRA across its long-term and short-term instruments, effective March 31, 2026. The parent company’s Long Term Fund Based Term Loan was upgraded to [ICRA]A+ (Stable) from [ICRA]A (Positive). All subsidiaries, including SAMHI Hotels (Gurgaon) and Caspia Hotels Private Limited, also received similar favorable rating revisions, indicating strengthened financial stability and improved credit profiles.
Broad-Based Credit Rating Enhancements
SAMHI Hotels Ltd. has disclosed positive rating actions taken by the ICRA Rating Committee across its debt instruments and those of its key subsidiaries as of 31st March 2026. These upgrades reflect the company’s improved financial standing and stability.
SAMHI Hotels Ltd. Rating Actions
The primary rating actions for the holding company are summarized below:
- The Long Term – Fund Based – Term Loan (Rated Amount: ₹223.32 crores) was upgraded to [ICRA]A+ (Stable). The outlook was revised to Stable from Positive, following an upgrade from [ICRA]A (Positive).
- Short-term facilities, both Fund Based (₹5.00 crores) and Non-Fund Based (₹0.68 crores), received an upgrade to [ICRA]A1 from [ICRA]A2+.
- The total rated amount for SAMHI Hotels Ltd. stands at ₹229.00 crores.
Subsidiary Rating Updates
SAMHI Hotels (Gurgaon) Private Limited
The subsidiary also experienced substantial improvements:
- The Long Term – Fund Based Term Loan (₹102.50 crores) was upgraded to [ICRA]A+ (Stable), mirroring the parent company’s upgrade and outlook revision.
- Short Term facilities, including Overdraft (₹16.00 crores) and Bank Guarantee (₹9.00 crores), were upgraded to [ICRA]A1.
- The total rating impact for this subsidiary covers ₹127.50 crores.
Ascent Hotels Private Limited
Ascent Hotels Private Limited saw upgrades on its instruments:
- The Long Term – Fund Based Term Loan (₹227.00 crores) was upgraded to [ICRA]A+ (Stable).
- Short Term – Fund Based Facilities—Overdraft (₹15.00 crores) was upgraded to [ICRA]A1.
- The total rated facilities amount to ₹242.00 crores.
Caspia Hotels Private Limited
The final subsidiary disclosed the following positive changes:
- The Long Term Fund Based Term Loan (₹164.60 crores) achieved a rating of [ICRA]A+ (Stable).
- The Short Term – Non-Fund Based facilities – Bank Guarantee (₹1.70 crores) was upgraded to [ICRA]A1.
- The total rated exposure for Caspia Hotels Private Limited amounts to ₹166.30 crores.
These consolidated rating actions across the group confirm a robust and stable credit profile as of the reporting date.
Source: BSE
