CARE Ratings has reaffirmed its ratings for GMR Airports Limited’s long-term and short-term bank facilities at ‘CARE A; Stable / CARE A1’ for a total amount of Rs. 500 crores. This reaffirmation applies to both existing facilities and non-convertible bonds issued by the company, indicating a stable outlook for the company’s financial obligations.
Credit Ratings Reaffirmed
GMR Airports Limited has received a reaffirmation of its credit ratings from CARE Ratings Limited. The ratings apply to the company’s long-term and short-term bank facilities.
Rating Details
CARE Ratings has reaffirmed the ratings of ‘CARE A; Stable / CARE A1’ for the Long Term / Short Term Bank Facilities, which amounts to Rs. 500 crores. This rating signifies CARE’s assessment of GMR Airports’ ability to meet its financial obligations.
Scope of Reaffirmation
The ratings reaffirmation extends to the Long Term / Short Term Bank Facilities already availed by the Company. Additionally, the rating of ‘CARE A; Stable’ has been reaffirmed for the Non-Convertible Bonds issued by the Company. This comprehensive review indicates a consistent creditworthiness assessment across different financial instruments issued by GMR Airports Limited.
Source: BSE
