GMR Airports Ltd. receives credit rating upgrades from CARE Ratings Limited

GMR Airports Ltd announced rating enhancements from CARE Ratings Limited, upgrading its ratings from “CARE A+; Positive” to “CARE AA-; Stable” for Non-Convertible Bonds issued by the company amounting to up to Rs. 1500 crores only, and also upgrading its ratings from “CARE A+; Positive” to “CARE AA-; Stable” for Long Term Bank Facilities availed/to be availed; CARE Ratings Limited has reaffirmed its rating of “CARE A1+” for the Short Term bank facilities availed by the company, with copies of the letters issued by CARE Ratings Limited available on the company’s website, and no other rating agencies or instruments were mentioned.