Oriental Hotels Limited Receives Credit Rating Upgrade from ICRA Limited
Oriental Hotels Limited received credit rating upgrades from ICRA Limited for banking facilities worth Rs. 30.00 crore. The long-term cash credit facility was upgraded to [ICRA]AA-(Stable) from [ICRA]A+(Stable), while short-term interchangeable limits were upgraded to [ICRA]A1+ from [ICRA]A1. The ratings cover facilities with HDFC Bank Limited and were assigned on February 27, 2026, with the company disclosing the upgrade to stock exchanges on March 04, 2026.
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Oriental hotels Limited has received a significant credit rating upgrade from ICRA Limited for its banking facilities. The company informed stock exchanges on March 04, 2026, about the rating revision in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Rating Upgrade Details
ICRA Limited has upgraded both long-term and short-term ratings for Oriental Hotels' banking facilities. The rating action demonstrates improved creditworthiness and financial stability of the company.
| Instrument | Rated Amount (Rs. Crore) | Rating Action |
|---|---|---|
| Long-term - Fund-based - Cash credit | 30.00 | [ICRA]AA-(Stable); Upgraded from [ICRA]A+(Stable) |
| Short-term - Interchangeable limits - Others | (20.00) | [ICRA]A1+; Upgraded from [ICRA]A1 |
| Total | 30.00 |
Banking Facility Breakdown
The upgraded ratings cover specific banking arrangements with HDFC Bank Limited. The facilities include both fund-based and non-fund based limits to support the company's operational requirements.
Fund-Based Limits
| Details | Amount (Rs. Crore) | Rating | Rating Assigned On |
|---|---|---|---|
| HDFC Bank Limited – Cash Credit | 30.00 | [ICRA]AA-(Stable) | February 27, 2026 |
Non-Fund Based Limits
| Details | Amount (Rs. Crore) | Rating | Rating Assigned On |
|---|---|---|---|
| HDFC Bank Limited – LC/BG | (20.00) | [ICRA]A1+ | February 27, 2026 |
Regulatory Compliance
The rating upgrade was formally communicated through ICRA's letter dated March 03, 2026, signed by Jitin Makkhar, Senior Vice President and Group Head – Corporate ratings. Oriental Hotels promptly disclosed this information to both National Stock Exchange of India Limited and BSE Limited on March 04, 2026.
The company's proactive disclosure demonstrates adherence to regulatory requirements and commitment to transparency with stakeholders. ICRA has indicated that the ratings will be subject to surveillance within one year from the date of communication, with provisions for review based on changing circumstances or new information.
Historical Stock Returns for Oriental Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.51% | -4.99% | -8.41% | -31.18% | -32.52% | +308.13% |
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