Oberoi Realty announces the credit ratings assigned by CARE Ratings for its instruments. Commercial paper (yet to be issued) is rated CARE A1+ and Non-Convertible Debentures are rated CARE AA+; Stable. These ratings were reaffirmed as part of a periodic review. Additionally, CARE Ratings has withdrawn the rating for Non-Convertible Debentures due to repayment.
Credit Ratings Update
Oberoi Realty has received credit ratings from CARE Ratings for certain instruments. The assigned ratings reflect CARE Ratings’ assessment of the company’s creditworthiness.
Details of Ratings
The following ratings have been assigned to Oberoi Realty’s instruments:
Commercial Paper (yet to be issued):
Amount: 300.00 Crore
Rating: CARE A1+
Rating Action: Reaffirmed
Non-Convertible Debentures:
Amount: 1,440.00 Crore
Rating: CARE AA+; Stable
Rating Action: Reaffirmed
Withdrawal of Rating
CARE Ratings has withdrawn the rating for Non-Convertible Debentures. This withdrawal is on account of the repayment of said non-convertible debentures.
Non-Convertible Debentures:
Amount Outstanding: –
Last Rating: CARE AA+; Stable
Rating Action: Withdrawn
Additional Information
The press release for the above ratings, as released by CARE Ratings, is available on their website www.careedge.in. Further details can be found on the website.
Source: BSE
