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India Ratings affirms Mahindra Holidays’ long-term Issuer Rating at ‘A’

16 Dec 2014 Evaluate

India Ratings & Research (Ind-Ra) has affirmed Mahindra Holidays & Resorts India (MHRIL) long-term issuer rating at ‘A’. The outlook is stable. The affirmation factors in the company’s 18-year-long track record in the Indian vacation ownership industry.

MHRIL is one of India’s largest companies in its segment and has a wide geographic presence across the country and in a few select international locations. On September 30, 2014, it had 2,451 rooms across 40 resorts and around 175,000 members.

Peers
Company Name CMP
The Indian Hotels Co 710.95
ITC Hotels 151.60
Mahindra Holi.&Resor 192.95
EIH 288.00
Chalet Hotels 840.60
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