CARE Upgrades SAMHI Hotels' Long-Term Rating to A+ on Improved Business Performance
MT Newswires Live
Oct 09, 2025
CARE Ratings has upgraded SAMHI Hotels' (NSE:SAMHI, BOM: 543984) and its subsidiaries' rating on long-term bank facilities to A+ from A-, and removed the rating from "Rating Watch with Positive Implications," according to a Thursday filing on Indian bourses.
The short-term rating was also upgraded to A1 from A2+, the filing said.
The rating outlook is stable.
The revision reflects improved operational and financial performance in fiscal 2025 (audited) and fiscal first quarter of current financial year, as well as fund infusion by investor GIC and consequent debt reduction by the company, the rating agency said.
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