Ajmera Realty & Infra India Ltd announced that CRISIL and Crisil Ratings have reaffirmed the corporate credit rating of CRISIL A-/Stable, along with the reaffirmation of the Long Term (Bank Loan) Rating of CRISIL A-/Stable, noting an adequate degree of safety regarding timely servicing of debt obligations and low credit risk. Crisil Ratings has also reaffirmed ratings for various instruments including Bank facilities at Rs.500 Crore with a rating of Crisil A-/Stable, a Term Loan of Rs.75 with YES Bank Limited, a Term Loan of Rs.230 with Standard Chartered Bank, a Term Loan of Rs.195 with ICICI Bank Limited, and Bonds/Debentures/Preference Share of Rs.195, all carrying a rating of Crisil A-/Stable; additionally, Crisil has assigned a rating of A-/Stable to the TemLoan of Rs.230, and the letter remains valid till March 31, 2027, requiring revalidation thereafter, while ICE ratings, including RBI 2 Expected Loss Ratings and ratings for various securitized products, remain N/A.
