NSECredit Rating3d ago · 2 Sept 2026, 05:40 pm
Credit Rating
GMR AIRPORTS LIMITED · GMRAIRPORT
✦ AI SummaryRating Change
GMR Airports Limited has informed the exchange about credit ratings assigned by CARE Ratings Limited and Crisil Ratings Limited for its Non-Convertible Bonds, with ratings of 'CARE AA-; Stable' and 'Crisil AA-; Stable' respectively.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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GMR AIRPORTS LIMITED has informed the Exchange about Credit Rating
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GMRINFRA_02092026174022_02092026-CREDITRATING-Crisil_and_Care_for_new_NCB.pdf
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GMR AIRPORTS LIMITED
(Formerly GMR Airports Infrastructure Limited)
September 02, 2026
BSE Limited, National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Plot no. C/1, G Block,
Mumbai 400001. Bandra-Kurla Complex
Equity Scrip: 532754 Bandra (E)
Debt Scrip: 976449, 976601, Mumbai - 400051
977026, 977027 Symbol: GMRAIRPORT
Sub: Intimation under Regulations 30 and 51 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 –
Credit Ratings
Dear Sir/Madam,
In terms of Regulation 30, 51 read with Schedule III of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that with reference to the proposed
issuance of the Non-Convertible Bonds by the Company amounting up to
INR 1,500 crores, for the purpose of re-financing of existing Non-Convertible
Bonds of the Company, CARE Ratings Limited, a Credit Rating Agency, has
assigned its ratings of “CARE AA-; Stable” and Crisil Ratings Limited, a
Credit Rating Agency, has also assigned its ratings of “Crisil AA-; Stable.”
Further, Crisil Ratings Limited, has also upgraded its ratings from “Crisil
A+; Stable” to “Crisil AA-; Stable” for the Non-Convertible Bonds already
issued by the Company amounting up to INR 5,900 Crs. (with the rating being
originally assessed and now upgraded for NCDs of up to INR 6,000 crore).”
The copy of the letters issued by Care Ratings Limited and Crisil Ratings
Limited are available on the website of the Company.
Request you to take the above information on records.
Thanking you,
for GMR Airports Limited
(formerly GMR Airports Infrastructure Limited)
T. Venkat Ramana
Company Secretary &
Compliance Officer
Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037
Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India
CIN L52231HR1996PLC113564 T +91 124 6637750 E gal.cosecy@gmrgroup.in W www.gmraero.com