GMR Airports Limited has confirmed that a rating agency has reaffirmed the rating of “Crisil A+/Stable” for its Rs. 6,000 crores Non-Convertible Bonds. Additionally, the rating agency has withdrawn its previous short-term rating of ‘CRISIL A1’ for Rs. 1,000 crores of short-term bank facilities. This withdrawal followed the company obtaining a new rating of “CARE A; Stable / CARE A1” from CARE Ratings Limited for the same facilities.
Credit Rating Reaffirmation for Bonds
GMR Airports Limited (formerly GMR Airports Infrastructure Limited) has issued an update regarding its outstanding debt instruments. A major Credit Rating Agency has reaffirmed the rating for the Company’s Non-Convertible Bonds. The total value of these bonds stands at Rs. 6,000 crores, and the reaffirmed rating is “Crisil A+/Stable”.
Withdrawal of Short-Term Rating
The announcement also detailed an action concerning the company’s short-term facilities. The rating agency withdrew its earlier assigned rating of ‘CRISIL A1’ for short-term bank facilities that aggregate up to Rs. 1,000 crores. This withdrawal was executed because the Company successfully secured an alternate rating for these same facilities.
New Short-Term Rating Secured
The new credit rating secured for the Rs. 1,000 crores Short Term Bank Facilities is “CARE A; Stable / CARE A1”, which was obtained from CARE Ratings Limited. This information was previously intimated to the exchanges on December 20, 2025.
The Company Secretary & Compliance Officer, T. Venkat Ramana, confirmed that the full communication from Crisil Ratings Limited is accessible on the Company website for public review.
Source: BSE
