Mindspace Business Parks REIT has informed the Exchange regarding Credit rating Review on 09/06/2026
Awaiting price reaction for this filing.
Mindspace Business Parks REIT has had its credit ratings reaffirmed by both CRISIL and ICRA. CRISIL reaffirmed its AAA/Stable rating on the issuer and on multiple non-convertible debenture tranches (totaling several thousand crores across 17 tranches ranging from Rs 30 crore to Rs 1,200 crore), along with A1+ on Rs 2,500 crore of commercial paper. ICRA reaffirmed its AAA/Stable issuer rating and AAA/Stable on Rs 9,040 crore of NCDs, plus A1+ on Rs 2,500 crore of commercial paper. The outlook on all long-term ratings remains Stable, indicating no change in credit quality from either agency.
This is a routine reaffirmation at the highest investment-grade level (AAA/Stable), which is a neutral-to-positive signal for unitholders and debenture holders. It confirms continued strong creditworthiness and stable borrowing costs for the REIT, with no expected impact on unit price.