* ICRA Limited has assigned credit ratings to Chalet Hotels Limited's debt instruments and bank facilities. * Non-Convertible Debentures: [ICRA] AA- with a Stable outlook. * Long Term Fund Based Term Loans: [ICRA] AA- with a Stable outlook. * Long Term Fund Based Limits: [ICRA] AA- with a Stable outlook. * Long Term Unallocated Limits: [ICRA] AA- with a Stable outlook. * Short Term Non -Fund Based Limits: [ICRA] A1+. * Short Term Unallocated Limits: [ICRA] A1+.