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Entity-Specific Rating Rationales

05 May 2025

Apeejay Surrendra Park Hotels Limited: Update on material event

Apeejay Surrendra Park Hotels Limited: Update on material event

21 Jun 2024

Apeejay Surrendra Park Hotels Limited: Ratings upgraded to [ICRA]A+ (Stable)/ [ICRA]A1

Apeejay Surrendra Park Hotels Limited: Ratings upgraded to [ICRA]A+ (Stable)/ [ICRA]A1

06 Apr 2023

Apeejay Surrendra Park Hotels Limited: Ratings upgraded

Apeejay Surrendra Park Hotels Limited: Ratings upgraded

22 Aug 2022

Apeejay Surrendra Park Hotels Limited: Ratings downgraded to [ICRA]D/[ICRA]D and simultaneously upgraded to [ICRA]BBB (Stable)/[ICRA]A3+

Apeejay Surrendra Park Hotels Limited: Ratings downgraded to [ICRA]D/[ICRA]D and simultaneously upgraded to [ICRA]BBB (Stable)/[ICRA]A3+

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Entity-Specific Credit Perspective Reports

19 Jul 2024

Apeejay Surrendra Park Hotels Limited

Apeejay Surrendra Park Hotels Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]A+(Stable) --
Fund-based- Working Capital -- -- [ICRA]A+(Stable) --
Non-Fund Based Limits [ICRA]A1 -- -- --
Unallocated Limit [ICRA]A1 -- [ICRA]A+(Stable) --
Commercial paper/ Short term debt * -- -- --

Our Analysts

Analyst 1

Sovanlal Biswas

Analyst 2

Sujoy Saha

Sector Head

Shamsher Dewan
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