Godrej Properties announced that CRISIL Ratings Limited has withdrawn its rating on the company’s commercial paper programme of ₹2,500 crore as it has been fully redeemed. The company retains ratings of IND A1+ from India Ratings and Research Private Limited, and [ICRA] A1+ from ICRA Limited, for a commercial paper programme amounting to ₹3,500 crore.
CRISIL Rating Withdrawal
CRISIL Ratings Limited has withdrawn its rating for Godrej Properties’ commercial paper programme amounting to ₹2,500 crore. This action follows the full redemption of the said commercial paper, rendering the rating no longer applicable.
Existing Ratings Affirmed
Godrej Properties continues to hold ratings from India Ratings and Research Private Limited and ICRA Limited. These ratings pertain to a commercial paper programme of ₹3,500 crore. The ratings are IND A1+ from India Ratings and [ICRA] A1+ from ICRA.
Commercial Paper Programme Details
The ₹3,500 crore commercial paper programme continues to be rated by both India Ratings and ICRA, indicating the company’s continued financial stability and creditworthiness. This announcement was made on October 6, 2025.
Source: BSE
