Chalet Hotels receives affirmation in credit ratings from ICRA

Chalet Hotels has received affirmation in credit ratings from ICRA while the outlook on the long-term rating has been revised from Negative to Stable as under:

Term loans (Rs 2440.76 crore) - ICRA BBB+; Stable
Long term & short term unallocated limits (Rs 22.24 crore) - ICRA BBB+; Stable/ ICRA A2
Long term fund based limits (Rs 124 crore) - ICRA BBB+; Stable
Short term non-fund based limits (Rs 75 crore) - ICRA A2

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