Embassy Office Parks REIT has informed the Exchange regarding Credit rating Review on 11/07/2025
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Embassy Office Parks REIT's credit ratings at the highest investment grade on July 11, 2025. The corporate (Issuer) credit rating and existing Non-Convertible Debenture (NCD) ratings were reaffirmed at CARE AAA / Stable, while Commercial Paper ratings were reaffirmed at CARE A1+. Additionally, CARE assigned a new CARE AAA / Stable rating to a proposed Rs. 800 crore NCD issue with a 10-year tenure and bullet repayment structure. Existing rated NCD tranches include Rs. 500 crore (8.10% coupon, maturing Aug 2028) and Rs. 1,000 crore (7.73% coupon, maturing Dec 2029), with total rated NCD facilities aggregating to around Rs. 2,700 crore including proposed issuances.
The reaffirmation at AAA with a stable outlook signals continued strong creditworthiness, low default risk, and stable financial performance for unitholders. The new Rs. 800 crore NCD rating gives Embassy REIT headroom to raise fresh long-term debt at favorable rates, supporting future growth, refinancing, or capital expenditure needs.