NSECredit Rating7 Sept 2026 · 7 Sept 2026, 05:54 pm
Credit Rating
Oriental Hotels Limited · ORIENTHOT
✦ AI SummaryRating Change
Oriental Hotels Limited has informed the Exchange about Credit Rating revision by ICRA Limited, reaffirming ratings to banking facilities as below: Long-term – Fund-based Limits 30.00 [ICRA]AA-; placed on Watch with Positive Implications, Short-term – Non-fund based – (20.00) [ICRA]A1+; reaffirmed.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Oriental Hotels Limited has informed the Exchange about Credit Rating
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TAJORIENTAL_07092026175332_SECRICRA.pdf
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OHL:SEC: 026-27: 042
September 07, 2026
The Manager – Listing The Manager – Listing Department
National Stock Exchange of India Ltd. BSE Ltd.
Exchange Plaza, 5th Floor, Plot No. C/1G Block, II Floor, New Trading Ring
Bandra Kurla Complex Rountana Building P J Towers,
Bandra (E), Mumbai: 400051 Dalal Street, Mumbai: 400001
Symbol: ORIENTHOT Scrip Code: 500314
Dear Sir/Madam,
Sub: Intimation of Credit Rating revision by ICRA Limited
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited
has reaffirmed ratings to banking facilities of the Company as below:
Instrument Rated Rating Action
Amount
(₹ crore)
Long-term – Fund-based Limits 30.00 [ICRA]AA-; placed on Watch with
Positive Implications
Short-term – Non-fund based – (20.00) [ICRA]A1+; reaffirmed
Sublimit
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For ORIENTAL HOTELS LIMITED
S Akila
Company Secretary
A15861
Address: Taj Coromandel, No. 37, Mahatma Gandhi Road,
Nungambakkam, Chennai - 600034.
ICRA/Oriental Hotels Limited/02092026/1
Date: September 02, 2026
Mr. Paras Puri
Chief Financial Officer
Oriental Hotels Limited
No. 47, Paramount Plaza
Mahatma Gandhi Road
Chennai – 600 034
Dear Sir,
Re: ICRA’s Credit Rating for below mentioned Instruments of Oriental Hotels Limited
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the
following rating actions for the mentioned instruments of your company.
Rated Amount Financial Sector
Instrument Rating Action1
(Rs. crore) Regulator#
[ICRA]AA-; placed on
Long-term – Fund-based
30.00 Watch with Positive RBI
limits
Implications
Short-term – Non-fund
(20.00) [ICRA]A1+; reaffirmed RBI
based – Sublimit
Total 30.00
#SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available
for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter.
However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information
becoming available, or the required information not being available, or other circumstances that ICRA believes could
have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for
latest rating(s) of the company.
The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the
terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and
conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by
you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by
you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously
assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this
letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement.
The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as
recommendation to buy, sell, or hold the rated instrument availed/issued by your company.
1 Complete definitions of the ratings assigned are available at www.icra.in.
ICRA Limited
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41
Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002
www.icra.in info@icraindia.com +91-93547-38909
+0124-4545300 CIN: L74999DL1991PLC042749
You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of
the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments
which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-
schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) /
investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such
as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding
system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as
above, or as prescribed by the regulatory authority(ies) is exceeded.
We look forward to your communication and assure you of our best services.
With kind regards,
Yours sincerely,
For ICRA Limited
K Srikumar
Senior Vice-President and Co-Group Head – Corporate Sector Ratings
srikumar@icraindia.com
Sensitivity Label : Internal
Annexure
Details of Bank Limits Rated by ICRA (Rated on Amount
Rating Rating Assigned On
Long-Term Scale) (Rs. crore)
Fund based limits [ICRA]AA-; placed
HDFC Bank Limited – Cash Credit 30.00 on Watch with Sep 01, 2026
Total 30.00 Positive Implications
Details of Bank Limits Rated by ICRA (Rated on Amount
Rating Rating Assigned On
Short-Term Scale) (Rs. crore)
Non-fund based limits
HDFC Bank Limited – LC/BG (20.00) [ICRA]A1+ Sep 01, 2026
Total (20.00)