Knowledge Realty Trust has informed the Exchange regarding Credit rating obtained on 05/09/2025

Knowledge Realty Trust has received a confirmed credit rating of AAA (Stable) from ICRA Limited, finalising the earlier provisional rating assigned in February 2025. The Trust, sponsored by Blackstone Group and Sattva Group, was listed on BSE/NSE on August 18, 2025 and holds a diversified portfolio of 46.3 million sq ft of operational and under-construction Grade-A office assets across six cities. Key metrics supporting the rating include healthy committed occupancy of about 91% as of March 2025, an expected loan-to-value (LTV) of around 19%, and projected external debt of Rs. 12,000-12,500 crore. The consolidated analysis covers 34 special purpose vehicles (SPVs) transferred to the Trust, slightly lower than the earlier 39 SPVs at 48.1 million sq ft considered during provisional rating.