SAMHI Hotels Ltd has announced recent credit rating actions by CARE Ratings Limited for its own bank facilities and those of its subsidiaries, Argon Hotels Private Limited and Barque Hotels Private Limited. The ratings across these entities primarily reflect a stable outlook, with several new assignments and reaffirmations for facilities totaling hundreds of crores in value, signaling continued confidence in the company’s financial standing and debt management capabilities.
SAMHI Hotels Credit Updates
SAMHI Hotels Ltd has received updated credit assessments from CARE Ratings Limited. The company’s long-term bank facilities, valued at ₹228.32 crore, have been reaffirmed with a rating of CARE A+; Stable. Additionally, the company secured an assigned rating for long-term and short-term bank facilities totaling ₹50.00 crore (CARE A+; Stable / CARE A1), while a smaller facility of ₹0.68 crore was reaffirmed at the same rating level.
Subsidiary Ratings Summary
The rating agency also evaluated the credit facilities for two key subsidiaries, reflecting the broader group’s credit profile:
- Argon Hotels Private Limited: The company received assigned ratings for bank facilities totaling ₹20.00 crore (CARE A+; Stable / CARE A1) and ₹84.30 crore (CARE A+; Stable).
- Barque Hotels Private Limited: New ratings were assigned for facilities of ₹208.79 crore (CARE A+; Stable) and ₹40.00 crore (CARE A+; Stable / CARE A1).
These ratings provide transparency regarding the group’s debt obligations and highlight the credit quality maintained across various hospitality assets under the SAMHI umbrella.
Source: BSE
