Robust Hotels Limited - Ratings Reaffirmed

CRISIL Ratings has reaffirmed its 'CRISIL BB/Stable/CRISIL A4+' ratings on the bank facilities of Robust Hotels Limited (RHL; Formerly known as Robust Hotels Private Limited).

The rating continues to reflect the extensive experience of the promoters and established brand presence and healthy occupancy levels and ARR. The rating also factors in a comfortable net worth and capital structure. These strengths are partially offset by weak debt protection metrics and susceptibility to cyclicality and revival of demand amid the pandemic.

"Post communication of ratings, we have received an Appeal request along with additional information from the client. We acknowledged the request and continue to evaluate the appeal. This rating rationale is being published in line with regulatory timelines. CRISIL Ratings shall publish a separate rating rationale to communicate any change in rating / outlook post completion of appeal".

Shares of Robust Hotels Limited was last trading in BSE at Rs. 98.00 as compared to the previous close of Rs. 98.17. The total number of shares traded during the day was 1417 in over 58 trades.

The stock hit an intraday high of Rs. 99.15 and intraday low of 97.35. The net turnover during the day was Rs. 138495.00.

Source : Equity Bulls

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RobustHotels INE508K01013 Resorts RatingUpdate Reaffirmed