Mindspace Business Parks REIT has informed the Exchange regarding Credit rating obtained on 17/02/2026
Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed the highest credit rating of Crisil AAA/Stable on Mindspace Business Parks REIT's Non-Convertible Debentures spread across 14 tranches (totalling about ₹5,790 crore) and its Corporate Credit Rating. A new Crisil AAA/Stable rating was also assigned to a fresh ₹200 crore NCD issuance, indicating a new debt instrument being set up. The Commercial Paper programme of ₹2,500 crore was reaffirmed at Crisil A1+, which is the top grade for short-term debt. Outlook remains Stable across all instruments, signalling no expected change in credit quality.
This is a positive reaffirmation that confirms Mindspace REIT's strong financial health and lowest credit risk, which supports easy access to debt markets at competitive rates. For unitholders, the stable top-tier rating reflects continued confidence in the REIT's cash flows and debt-servicing ability, with limited near-term concern.