Mindspace Business Parks REIT has informed the Exchange regarding Credit rating obtained on 02/04/2026
Awaiting price reaction for this filing.
Mindspace Business Parks REIT received credit ratings from CRISIL Limited. The issuer rating was reaffirmed at CRISIL AAA/Stable, which is the highest rating indicating lowest credit risk for debt servicing. Multiple non-convertible debentures (NCDs) totaling thousands of crores were rated, with nearly all existing NCDs reaffirmed at AAA/Stable. One new Rs. 200 crore NCD received a fresh AAA/Stable rating assignment. Additionally, the Rs. 2,500 crore Commercial Paper programme was reaffirmed at CRISIL A1+, indicating very strong safety for timely payment.
This is a positive development for unit holders. The reaffirmation of AAA/Stable ratings across all existing debt instruments confirms Mindspace REIT's strong creditworthiness and low default risk, which should support investor confidence and potentially lower borrowing costs.