Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Embassy Office Parks REIT has disclosed credit ratings assigned and reaffirmed by CRISIL Ratings. CRISIL assigned CRISIL AAA/Stable for new Rs. 500 crore Non-Convertible Debentures (NCDs) and reaffirmed AAA/Stable on existing NCDs of Rs. 11,050 crore. CRISIL A1+ was reaffirmed on the Commercial Paper programme of Rs. 2,000 crore (enhanced from Rs. 1,500 crore), and the Corporate Credit Rating was reaffirmed at CRISIL AAA/Stable. CRISIL also withdrew the AAA/Stable rating on Rs. 1,000 crore of NCDs that were fully redeemed by the REIT on September 4, 2025.
The reaffirmation of the highest CRISIL AAA/Stable credit rating reflects strong debt-servicing capability and lowest credit risk, which is positive for bondholders and supports the REIT's cost of borrowing. Withdrawal of a rating on redeemed NCDs is a routine action and has no negative impact on unit holders.