Brookfield India Real Estate Trust REIT has informed the Exchange regarding Credit rating Review on 29/04/2025
Awaiting price reaction for this filing.
Brookfield India Real Estate Trust has informed the exchanges that Crisil Ratings has reaffirmed its credit ratings on April 29, 2025. The long-term corporate credit rating has been reaffirmed at Crisil AAA with a Stable outlook, indicating the highest degree of safety for timely debt servicing. Additionally, Crisil reaffirmed its A1+ rating (highest safety grade for short-term instruments) on a commercial paper programme of up to Rs. 1,250 crores, which is yet to be placed. Both ratings will remain under continuous surveillance by Crisil.
The reaffirmation of the top-tier AAA/Stable rating signals continued strong creditworthiness and low default risk, which is positive for existing and prospective unit holders. Investors should note the commercial paper facility of Rs. 1,250 crores is rated but not yet placed, meaning no new debt has been raised yet.