Samhi Hotels receives credit rating upgrades from ICRA

Samhi Hotels Limited announced that ICRA has upgraded its issuer rating to [ICRA]A (Positive) from [ICRA]A-, with a positive outlook assigned. The company's long-term fund-based term loan of INR 276.32 crores also received an upgrade to [ICRA]A (Positive).

Three subsidiaries also experienced positive rating changes. Samhi Hotels (Gurgaon) Private Limited's INR 102.50 crore term loan was upgraded to [ICRA]A (Positive). Ascent Hotels Private Limited's INR 227.00 crore term loan and Caspia Hotels Private Limited's INR 164.60 crore term loan both received upgrades to [ICRA]A (Positive).