Mumbai, March 4 -- The agency has upgraded the company's short-term rating to 'ICRA] A1+' from 'ICRA] A1'.

ICRA stated the upgrade in the ratings of Oriental Hotels (OHL) factors in the improvement in the credit profile of The Indian Hotels Company Limited (IHCL), and OHL's operational performance with higher accruals from the company's recently renovated and upgraded properties, and anticipated sustenance of the same, given a steady demand outlook for the Indian hospitality industry.

The ratings continue to factor in OHL's strong parentage with IHCL holding a 28.5% stake in it, as of 31 December 2025.

OHL has strong operational and financial linkages with IHCL and enjoys financial flexibility and lender comfort owing to its parentage....