Embassy Office Parks REIT has informed the Exchange regarding Credit rating obtained on 19/08/2025
Awaiting price reaction for this filing.
CARE Ratings has assigned and reaffirmed credit ratings for Embassy Office Parks REIT as of August 19, 2025. CARE AAA/Stable was assigned for a proposed new Non-Convertible Debenture (NCD) issue of Rs. 1,500 crore with a 10-year tenor and bullet repayment. Existing NCDs totaling Rs. 3,500 crore across 6 tranches were reaffirmed at CARE AAA/Stable. Commercial Paper facility of Rs. 1,500 crore was reaffirmed at CARE A1+, and the Issuer (Corporate Credit) Rating was reaffirmed at CARE AAA/Stable. All outlooks remain Stable, reflecting CARE's continued confidence in Embassy REIT's creditworthiness.
This is a neutral-to-positive signal for unitholders — the highest AAA rating has been maintained across all debt instruments and a new Rs. 1,500 crore NCD borrowing has been cleared at top-tier pricing. The strong reaffirmation should support low borrowing costs, though the proposed new debt issuance may slightly increase leverage.