Godrej Properties Limited — Credit Ratings, 23-07-2025: Credit Rating

Godrej Properties' credit ratings for its Non-Convertible Debentures (NCDs) and Commercial Paper have been reaffirmed by India Ratings and Research. The NCD rating remains IND AA+ (Stable), notably applied to an enhanced amount of Rs. 4,500 Cr, up from Rs. 2,500 Cr. The Commercial Paper rating is reaffirmed at IND A1+. This reaffirmation, especially on an increased NCD quantum, signals strong confidence in the company's financial resilience and debt servicing capability. For Godrej Properties, this could translate to stable access to capital at competitive costs, potentially expanding its strategic room for future projects and operations.