ICRA Reaffirms Ratings for Brookfield India Real Estate Trust Instruments
Brookfield India Real Estate Trust REIT received updated credit ratings from ICRA Limited on April 10, 2026. The ratings cover various instruments related to the trust, including the Issuer rating, Commercial Paper, and Non-Convertible Debentures (NCDs).ICRA Limited issued the following ratings actions:
- Issuer Rating: ICRA AAA (Stable); Reaffirmed
- Commercial Paper (upto Rs. 1250 crores): ICRA A1+; Reaffirmed
- Non-Convertible Debentures (upto Rs. 1500 Crore): ICRA AAA (Stable); Reaffirmed
- Non-Convertible Debentures (up to Rs. 20 00 Crores): ICRA AAA (Stable); Reaffirmed (yet to be placed)
The rating details are summarized below:
| S.No | ISIN | Credit Rating Agency | Credit Rating Assigned | Outlook | Rating Action | Date of Credit Rating |
|---|---|---|---|---|---|---|
| 1 | INE0FDU07018 | ICRA Limited | [ICRA] AAA | Stable | Reaffirm | April 10, 2026 |
In addition to the comprehensive ratings, the following rating details concerning NCDs for an amount of Rs. 2000 crore, issued and listed at the wholesale debt market of BSE Limited, were also provided.
NCD Rating Structure
The ratings for Non-Convertible Debentures included the following components:| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Non-convertible Debenture | 2000 | [ICRA] AAA (Stable); Reaffirmed |
| Non-convertible Debenture | 1500 | [ICRA] AAA (Stable); Reaffirmed |
| Total | 3500 |
The rating for the Non-Convertible Debentures totalling Rs. 3500 crores was associated with the following ISINs:
| ISIN | Instrument details | Amount (Rs. crore) | Rating | Rating Assigned on |
|---|---|---|---|---|
| INE0FDU07018 | Non-convertible debenture (NCD) | 2000 | [ICRA] AAA (Stable); Reaffirmed | April 07, 2026 |
| - | Non-convertible debenture (NCD) | 1500 | [ICRA] AAA (Stable); Reaffirmed | April 07, 2026 |
| Total | 3500 |
The reaffirmation of these ratings was issued by ICRA Limited on April 10, 2026. The ratings are specific to the terms and conditions of the instruments as indicated, and any changes in the terms or size would necessitate a review by ICRA Limited.
BIRET Stock Price Movement
On Friday, Brookfield India Real Estate Trust shares slipped by 1.18% to settle at ₹334.68. The equity saw significant volume, with 137,109 shares trading during the session.Source:
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