GMR AIRPORTS LIMITED — Credit Ratings, 27-06-2025: Credit Rating- Revision

CARE Ratings has upgraded GMR Airports Limited’s rating for its Rs. 6,500 Cr non-convertible bonds from ‘BBB+’ to ‘A’ with a stable outlook. Similarly, long-term and short-term bank facilities ratings were elevated from ‘BBB+/A2’ to ‘A/A1’ with a stable outlook. This reflects a marked improvement in the company’s credit profile, likely driven by stronger financial health and enhanced liquidity. The upgraded rating should reduce the company’s cost of borrowing and bolster investor confidence, providing greater financial flexibility to support its operations and growth plans.