Mahindra Lifespace Developers Limited has publicly announced the latest credit ratings assigned to its proposed debt instruments by Crisil Ratings Limited. The Proposed Fund-Based Bank Limits received a rating of Crisil AA/Stable for an amount up to INR 100 crores. Furthermore, the Proposed Commercial Paper issue was assigned a rating of Crisil A1+ for a size up to INR 300 crores. The rating communication was received by the company late on February 18, 2026.
Credit Rating Update for Mahindra Lifespaces
In compliance with regulatory requirements, Mahindra Lifespace Developers Limited has disclosed the recent credit ratings received for its proposed financial instruments. These ratings were assessed and provided by Crisil Ratings Limited, effective as of February 18, 2026.
Instrument-Specific Rating Details
The ratings cover two distinct categories of proposed instruments, indicating the company’s creditworthiness for future borrowings. The following table summarizes the key rating outcomes:
| Instrument | Rated Amount (in crores) | Rating Assigned |
|---|---|---|
| Proposed Fund-Based Bank Limits | INR 100 | Crisil AA/Stable |
| Proposed Commercial Paper | INR 300 | Crisil A1+ |
The rating assigned to the Commercial Paper, Crisil A1+, signifies the highest degree of safety regarding the timely servicing of financial obligations. The rating for the bank limits, Crisil AA/Stable, also indicates a high degree of safety.
Disclosure and Record Keeping
This material information was officially communicated to the Company on February 18, 2026, at 9:07 pm. This disclosure is also made available for public viewing on the official company website under the investor relations section, ensuring full transparency regarding the company’s updated credit profile.
Source: BSE
