Phoenix Mills’ subsidiary - Pallazzio Hotels & Leisure has been assigned ‘A-/Stable’ rating by CRISIL for the Bank facilities availed by the company.
The rating reflects the strong financial and healthy operating performance of ‘The St. Regis, Mumbai'.
Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.