Hot Pursuit

30-Sep-2026, 03:42

Chalet Hotels Ltd announced that ICRA Limited has reaffirmed the company’s credit ratings and upgraded the outlook from ‘Stable’ to ‘Positive’ via a letter dated September 29, 2026. Specifically, ICRA Limited reaffirmed [ICRA] AA- / Positive for Non-Convertible Debentures, with a proposed limit enhancement from Rs. 250 crore to Rs. 500 crore, as well as [ICRA] AA- / Positive for Long Term Fund Based Term Loans, Long Term Fund Based Limits, and Long Term Unallocated Limits, and [ICRA] A1+ for Short Term Unallocated Limits and Short Term Non-Fund Based Limits; no other rating agencies were mentioned in the intimation, and no ratings were withdrawn.