WeWork India Management Limited has informed the Exchange regarding a press release dated March 12, 2026, titled "WeWork India Management Limited has informed the Exchange regarding a media release dated March 12, 2026, titled "CRISIL assigns WeWork India Management Limited rating of CRISIL A+/Stable/CRISIL A1"".
WEWORK · price
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Awaiting price reaction for this filing.
WeWork India has received its first credit rating from CRISIL for its bank facilities totaling Rs. 800 crore. CRISIL assigned CRISIL A+/Stable for long-term facilities and CRISIL A1 for short-term facilities, reflecting the company's strong market position in India's flexible workspace industry. The rating cites healthy operating performance, a diversified client base of over 2,000 tenants (60% being Fortune 500 firms), and a strong financial risk profile with debt-to-EBITDA below 1.0x. As of December 2025, the company operates 73 centres across 8 cities with 1,21,600+ desks at 84% occupancy, and CRISIL expects 15-20% revenue growth over the medium term with EBITDA margins of 18-20%.
This is a positive signal for shareholders, as the strong investment-grade rating (A+) and highest short-term rating (A1) indicate low credit risk and could lower future borrowing costs. It also validates the company's financial discipline and growth outlook, potentially supporting investor confidence in the stock.