Mindspace Business Parks REIT has informed the Exchange regarding Credit rating Review on 30/05/2025
Awaiting price reaction for this filing.
Mindspace Business Parks REIT informed the exchanges that Crisil Ratings has reaffirmed its credit ratings on May 30, 2025. The Corporate Credit Rating remains CRISIL AAA with a Stable outlook. All Non-Convertible Debentures (NCDs) across 14 tranches, ranging from ₹30 Crore to ₹1,200 Crore (totaling several thousand crores), were reaffirmed at CRISIL AAA/Stable. The ₹1,250 Crore Commercial Paper programme was reaffirmed at CRISIL A1+, the highest short-term rating.
This is a neutral-to-positive confirmation for unit-holders and debenture holders — the highest possible credit quality (AAA/Stable) has been maintained, signalling strong debt-servicing ability and lowest credit risk. No change in borrowing costs is expected from this reaffirmation.