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ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr

New Delhi, January 04, 2023: Godrej Properties Ltd., on Wednesday announced the enhancement in the Commercial Paper(CP) limits to Rs 1,750 crore from Rs 1,500 crore by ICRA and CRISIL.

Rating AgencyInstrumentAmount
(Rs. in crore)
Ratings Rating Actions
CRISIL Ratings LimitedCommercial Paper1,750CRISIL A1+Reaffirmed/assigned the ratings for the enhanced limit of INR 1,750 crore from INR 1,500 crore
ICRA LimitedLong/Short Term -Fund-based/Non fund based4,500[ICRA]AA+(Stable)
(long-term rating)

[ICRA]A1+
(short-term rating)		 


Reaffirmed
Non-Convertible
Debenture Programme
1,000[ICRA]AA+ (Stable)  
Reaffirmed
Commercial Paper1,750[ICRA]A1+Reaffirmed/assigned the ratings for the enhanced limit of INR 1,750 crore from INR 1,500 crore
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