Credit Bulletin
April 29, 2024 | Mumbai
Update on InterGlobe Aviation Limited
 
Note: None of the Directors on CRISIL Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings.
This Credit Bulletin is published solely to update the bank-wise facility details in line with RBI requirement. For other sections please refer to the previous Rating Rationale April 17, 2024.

Click here to access the previous Rating Rationale.

 

Annexure – Details of Bank Lenders/Facilities

Facility

Amount (Rs.Crore)

Name of Lender

Rating

Fund-Based Facilities#

100

ICICI Bank Limited

CRISIL A1+

Fund-Based Facilities*^

25.2

Citibank N. A.

CRISIL AA-/Stable

Daylight Overdraft Facility^

620

Citibank N. A.

CRISIL A1+

Non-Fund Based Limit

150

ICICI Bank Limited

CRISIL AA-/Stable

Non-Fund Based Limit*

451.08

Citibank N. A.

CRISIL AA-/Stable

Non-Fund Based Limit@

425

IDFC FIRST Bank Limited

CRISIL AA-/Stable

Non-Fund Based Limit&

99.5

Axis Bank Limited

CRISIL A1+

Non-Fund Based Limit

100

HDFC Bank Limited

CRISIL AA-/Stable

Non-Fund Based Limit%

250

Kotak Mahindra Bank Limited

CRISIL AA-/Stable

Non-Fund Based Limit*!

235.2

Deutsche Bank

CRISIL AA-/Stable

Non-Fund Based Limit

500

YES Bank Limited

CRISIL AA-/Stable

Non-Fund Based Limit*

79.8

Bank of America N.A.

CRISIL AA-/Stable

Proposed Fund-Based Bank Limits

5964.22

Not Applicable

CRISIL AA-/Stable

*Exchange rate Rs 84/USD

#Sub-limit of Overdraft facilities to the extent of Rs 40 crore

^Fund-based facilities together with Daylight overdraft facility are fungible with non-fund based facilities to the extent of USD 10 million

@Interchangeable with short term letter of credit

&Interchangeable with long term bank guarantee

%Interchangeable with short term letter of credit to the extent of Rs 50 crore

!Interchangeable with short term letter of credit and standby letter of credit

Criteria Details
Links to related criteria
CRISILs Approach to Financial Ratios
Rating criteria for manufaturing and service sector companies
CRISILs Bank Loan Ratings - process, scale and default recognition
CRISILs Criteria for Consolidation
CRISILs Criteria for rating short term debt

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