Godrej Properties announced the enhancement in the rated bank limits to Rs 4,500 crore from Rs 2,500 crore by ICRA.
The credit rating for the enhanced bank facilities is reaffirmed at [ICRA]AA+/[ICRA]A1+. Outlook on the long-term rating is "Stable".
The rating for Rs 1,500 crore commercial paper (CP) is reaffirmed at [ICRA]A1+.
The long term rating for Rs 1,000 crore NCD Borrowing Program is reaffirmed at [ICRA]AA+. Outlook on the long-term rating is "Stable"
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