ICRA upgrades Samhi Hotels and subsidiaries to A+ with Stable outlook

Samhi Hotels Limited ( (IN:SAMHI) ) just unveiled an update.

Samhi Hotels Limited has received an upgrade in its credit ratings from ICRA for long-term and short-term debt facilities totaling Rs 229 crore, with the main term loans now rated [ICRA]A+ with a Stable outlook and short-term facilities upgraded to [ICRA]A1. The revised ratings, moved up from earlier levels with the outlook changed from Positive to Stable, reflect an improved credit profile and may lower the company’s borrowing costs and strengthen its financial flexibility.

ICRA has also upgraded the ratings of key subsidiaries Samhi Hotels (Gurgaon) Private Limited, Ascent Hotels Private Limited and Caspia Hotels Private Limited, covering an aggregate of several hundred crores in term loans, overdraft lines and bank guarantees, all now at [ICRA]A+ (Stable) for long-term and [ICRA]A1 for short-term facilities. These upgrades across the group underline enhanced consolidated creditworthiness, which could support expansion, refinancing, and better terms from lenders, benefiting both the parent company and its subsidiary stakeholders.

More about Samhi Hotels Limited

Samhi Hotels Limited operates in the hospitality sector, focusing on owning and operating hotels through itself and its subsidiaries, including Samhi Hotels (Gurgaon) Private Limited, Ascent Hotels Private Limited and Caspia Hotels Private Limited. The group uses a mix of long-term fund-based facilities, overdrafts and non-fund-based bank guarantees to finance and support its hotel operations across India.

Average Trading Volume: 60,892

Technical Sentiment Signal: Sell

Current Market Cap: 28.33B INR

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