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Home Credit Perspective Reports GMR Hyderabad International Airport Limited
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Entity-Specific Rating Rationales

08 Jan 2026

GMR Hyderabad International Airport Limited: Rating reaffirmed; outlook revised to Positive from Stable; rating assigned for non-convertible debentures (NCDs)

GMR Hyderabad International Airport Limited: Rating reaffirmed; outlook revised to Positive from Stable; rating assigned for non-convertible debentures (NCDs)

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13 Mar 2025

GMR Hyderabad International Airport Limited: Rating reaffirmed

GMR Hyderabad International Airport Limited: Rating reaffirmed

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13 Mar 2024

GMR Hyderabad International Airport Limited: Ratings reaffirmed; Rating assigned for Proposed Non-convertible debentures (NCDs)

GMR Hyderabad International Airport Limited: Ratings reaffirmed; Rating assigned for Proposed Non-convertible debentures (NCDs)

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03 Jan 2024

GMR Hyderabad International Airport Limited: Rating upgraded to [ICRA]AA+ (Stable); Outlook revised to Stable from Positive

GMR Hyderabad International Airport Limited: Rating upgraded to [ICRA]AA+ (Stable); Outlook revised to Stable from Positive

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Entity-Specific Credit Perspective Reports

09 Feb 2026

GMR Hyderabad International Airport Limited

GMR Hyderabad International Airport Limited (Non-SF)

28 Apr 2025

GMR Hyderabad International Airport Limited

GMR Hyderabad International Airport Limited (Non-SF)

02 Feb 2024

GMR Hyderabad International Airport Limited

GMR Hyderabad International Airport Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Working capital facilities -- -- [ICRA]AA+(Positive) --
Non Convertible Debenture -- -- [ICRA]AA+(Positive) --

Our Analysts

Analyst 1

Vamshi Kinnera

Analyst 2

M Rajashekar Reddy

Sector Head

Ashish Modani
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