CHALET HOTELS : CREDIT RATING UPGRADED TO POSITIVE

• ICRA Limited reaffirms credit rating and upgrades outlook from 'Stable' to 'Positive' • Non-Convertible Debentures: [ICRA] AA-/Positive • Long Term Fund Based Term Loans: [ICRA] AA-/Positive • Long Term Fund Based Limits: [ICRA] AA-/Positive • Long Term Unallocated Limits: [ICRA] AA-/Positive • Short Term Unallocated Limits: [ICRA] A1+ • Short Term Non-Fund Based Limits: [ICRA] A1+ • Proposed Non-Convertible Debentures limit enhanced from Rs.250 crore to Rs.500 crore

Chalet Hotels Limited

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