ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

05 Dec 2025

Chalet Hotels Limited: Ratings reaffirmed; assigned to NCD programme

03 Sep 2025

Chalet Hotels Limited: Ratings upgraded; outlook revised to Stable from Positive

21 Mar 2025

Chalet Hotels Limited: Change in limits

14 Oct 2024

Chalet Hotels Limited: Long-term rating upgraded to [ICRA]A+; short-term rating of [ICRA]A1 reaffirmed; outlook on the long-term rating remains ‘positive’

04 Jun 2024

Chalet Hotels Limited: Ratings upgraded to [ICRA]A (Positive)/[ICRA]A1

11 Mar 2024

Chalet Hotels Limited: Update on Material Event

10 Jul 2023

Chalet Hotels Limited: Ratings upgraded; outlook on the long-term rating revised to Positive from Stable and rated amount enhanced

Entity-Specific Credit Perspective Reports

29 Sep 2025

Chalet Hotels Limited

Chalet Hotels Limited (Non-SF)

15 Oct 2024

Chalet Hotels Limited

Chalet Hotels Limited (Non-SF)

25 Jul 2024

Chalet Hotels Limited

Chalet Hotels Limited (Non-SF)

30 Aug 2023

Chalet Hotels Limited

Chalet Hotels Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Fund based Term Loan	--	--	[ICRA]AA-(Stable)	--
Fund-based-limits	--	--	[ICRA]AA-(Stable)	--
Long-term/Short-term Unallocated Limits	[ICRA]A1+	--	[ICRA]AA-(Stable)	--
Proposed NCD	--	--	[ICRA]AA-(Stable)	--
Non-Fund Based Limits	[ICRA]A1+	--	--	--

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