Oriental Hotels Limited — Credit Ratings, 03-12-2025: Credit Rating

Care Ratings upgraded Oriental Hotels (OHL) long-term bank facilities to CARE AA-; Stable (from A+; Stable) and short-term to CARE A1+ (from A1). This reflects a stronger business and financial profile, driven by completed renovations boosting revenue (₹440 Cr in FY25), healthy margins, strong capital structure (0.27x gearing), and strategic ties with IHCL. Outlook: Stable.