Mindspace Business Parks REIT has informed the Exchange regarding Credit rating Review on 06/06/2025
Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed Mindspace Business Parks REIT's Corporate Credit Rating at CRISIL AAA/Stable, the highest investment grade, indicating lowest credit risk. All Non-Convertible Debenture tranches (totalling around Rs. 5,340 crore across various issues of Rs. 30 to Rs. 1,200 crore) have also been reaffirmed at CRISIL AAA/Stable. The Commercial Paper rating was reaffirmed at CRISIL A1+, with the program size enhanced from Rs. 1,250 crore to Rs. 1,550 crore. All ratings carry a Stable outlook and ratings remain under continuous surveillance by CRISIL.
This is a positive signal — reaffirmation at the highest AAA rating with Stable outlook means low borrowing costs continue and investor confidence in Mindspace REIT's debt remains strong. The enhanced Commercial Paper limit also gives the REIT more short-term funding flexibility.