Mindspace Business Parks REIT has informed the Exchange regarding Credit rating obtained on 28/10/2025
Awaiting price reaction for this filing.
Mindspace Business Parks REIT received credit ratings from CRISIL on October 28, 2025. A new Non-Convertible Debenture (NCD) of ₹500 crore was assigned the highest safety rating of CRISIL AAA/Stable. Existing NCDs aggregating thousands of crores were reaffirmed at AAA/Stable, along with the Corporate Credit Rating. The Commercial Paper program of ₹2,500 crore was reaffirmed at CRISIL A1+ (highest short-term rating). The outlook across all ratings is Stable, indicating CRISIL's confidence in the REIT's financial health.
Positive for unitholders and debenture holders — reaffirmation of the highest investment-grade rating (AAA) signals strong financial stability and low default risk. The new ₹500 crore NCD rated AAA gives Mindspace access to low-cost borrowing, which supports the REIT's expansion and refinancing plans.