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Entity-Specific Rating Rationales

31 Dec 2025

Prestige Estates Projects Limited: Ratings reaffirmed

Prestige Estates Projects Limited: Ratings reaffirmed

24 Nov 2025

Prestige Estates Projects Limited: Rating assigned for Rs 230-crore commercial paper (CP) and reaffirmed for existing CPs; rating outstanding for existing bank loan facility

Prestige Estates Projects Limited: Rating assigned for Rs 230-crore commercial paper (CP) and reaffirmed for existing CPs; rating outstanding for existing bank loan facility

30 Sep 2025

Prestige Estates Projects Limited: Rating withdrawn for Rs. 300-crore commercial paper (CP) and rating reaffirmed for the existing CPs; rating outstanding for the existing bank loan facility

Prestige Estates Projects Limited: Rating withdrawn for Rs. 300-crore commercial paper (CP) and rating reaffirmed for the existing CPs; rating outstanding for the existing bank loan facility

08 Aug 2025

Prestige Estates Projects Limited: Rating withdrawn for non-convertible debentures and rating outstanding for existing bank loan facility and commercial papers; rated amount enhanced

Prestige Estates Projects Limited: Rating withdrawn for non-convertible debentures and rating outstanding for existing bank loan facility and commercial papers; rated amount enhanced

06 Mar 2025

Prestige Estates Projects Limited: Update on material event

Prestige Estates Projects Limited: Update on material event

30 Sep 2024

Prestige Estates Projects Limited: Ratings reaffirmed; rated amount enhanced; rating reaffirmed and withdrawn for Rs. 230 crore of CPs

Prestige Estates Projects Limited: Ratings reaffirmed; rated amount enhanced; rating reaffirmed and withdrawn for Rs. 230 crore of CPs

23 Jul 2024

Prestige Estates Projects Limited: Ratings reaffirmed; rated amount enhanced

Prestige Estates Projects Limited: Ratings reaffirmed; rated amount enhanced

08 May 2024

Prestige Estates Projects Limited: Ratings withdrawn for non-convertible debentures of Rs. 250.0 crore and rating outstanding for the existing facilities

Prestige Estates Projects Limited: Ratings withdrawn for non-convertible debentures of Rs. 250.0 crore and rating outstanding for the existing facilities

06 Feb 2024

Prestige Estates Projects Limited: Ratings reaffirmed; rated amount reduced

Prestige Estates Projects Limited: Ratings reaffirmed; rated amount reduced

28 Jul 2023

Prestige Estates Projects Limited: Rating reaffirmed; CP Rating Assigned

Prestige Estates Projects Limited: Rating reaffirmed; CP Rating Assigned

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Entity-Specific Credit Perspective Reports

02 Feb 2026

Prestige Estates Projects Limited

Prestige Estates Projects Limited (Non-SF)

11 Mar 2024

Prestige Estates Projects Limited

Prestige Estates Projects Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Commercial Paper [ICRA]A1 -- -- --
Non-Convertible Debenture -- -- Withdrawn --
Long-term – Fund-based – Term Loan -- -- [ICRA]A+(Stable) --
Long-term – Non-fund-based -- -- [ICRA]A+(Stable) --
Long-term – Fund-based -- -- [ICRA]A+(Stable) --
Long-term – Unallocated limits -- -- [ICRA]A+(Stable) --
Commercial Paper * -- -- --

Our Analysts

Analyst 1

Vishal R

Analyst 2

Pulkit Varshney

Sector Head

Ashish Modani
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