Crisil reaffirms AAA/Stable on NCDs, CPs and corporate credit rating

New Credit FacilityCredit & Debt View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Crisil reaffirmed Crisil AAA/Stable rating on Knowledge Realty Trust's existing NCDs (around Rs 1600 Crore and Rs 250 Crore), commercial papers (Rs 1500 Crore, enhanced from Rs 500 Crore), and corporate credit rating. Crisil also assigned AAA/Stable to a new Rs 1000 Crore NCD issue. Commercial paper rating A1+ reaffirmed. Outlook stable across all instruments.

Likely market impact

Top-tier credit quality confirmed; supports low borrowing cost. Positive for unit holders as new Rs 1000 Crore NCD and enhanced CP programme secure highest ratings.