ROYAL ORCHID HOTELS LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

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20 Mar 2023
Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, we wish to inform that ICRA Limited ('ICRA'), has assigned the following ratings to the Company: Facility: Term Loan & Unallocated facilities; Amount Rated: Rs. 46 Crores; Ratings: [ICRA] A- (Stable); Remarks: Upgraded the long-term rating to [ICRA]A- (pronounced ICRA A minus) ('Rating') from [ICRA]BBB (pronounced ICRA triple B). The outlook on the long-term rating has been revised to Stable from Positive. The details are given in the letter from ICRA enclosed herewith. You are requested to take the above on record.
View all announcements for ROYAL ORCHID HOTELS LTD.	Source: BSE India

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