Credit Rating

CARE Ratings has placed Oriental Hotels' long-term bank facilities (₹47.16 Cr and ₹1.00 Cr) on Rating Watch with Positive Implications, while reaffirming its short-term facilities (₹1.86 Cr and ₹81.86 Cr) at CARE A1+. This action follows the announced merger with Indian Hotels Company Limited.

The rating agency will evaluate the exact credit impact post-merger.