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Entity-Specific Rating Rationales

11 Dec 2025

IndoSpace Industrial Park Badli Private Limited: Provisional [ICRA]AAA (Stable) assigned to proposed facilities; ratings continue on watch with developing implications for existing bank facilities

IndoSpace Industrial Park Badli Private Limited: Provisional [ICRA]AAA (Stable) assigned to proposed facilities; ratings continue on watch with developing implications for existing bank facilities

30 Oct 2025

IndoSpace Industrial Park Badli Private Limited: Ratings placed on Rating Watch with Developing Implications

IndoSpace Industrial Park Badli Private Limited: Ratings placed on Rating Watch with Developing Implications

27 Dec 2024

IndoSpace Industrial Park Badli Private Limited: Ratings reaffirmed

IndoSpace Industrial Park Badli Private Limited: Ratings reaffirmed

20 Sep 2023

Indospace Industrial Park Badli Private Limited: Ratings reaffirmed; rated amount enhanced

Indospace Industrial Park Badli Private Limited: Ratings reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

12 Jan 2026

Indospace Industrial Park Badli Private Limited

Indospace Industrial Park Badli Private Limited (Non-SF)

22 Jan 2025

Indospace Industrial Park Badli Private Limited

Indospace Industrial Park Badli Private Limited (Non-SF)

19 Oct 2023

Indospace Industrial Park Badli Private Limited

Indospace Industrial Park Badli Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debentures -- -- Provisional [ICRA]AAA(Stable) --
Long-term – Fund based – Proposed term loans -- -- Provisional [ICRA]AAA(Stable) --
Long-term – Proposed non fund based limits -- -- Provisional [ICRA]AAA(Stable) --
Term Loan -- -- [ICRA]BBB+ Rating Watch with Developing Implications --
Lease Rental Discounting (LRD) -- -- [ICRA]A- Rating Watch with Developing Implications --
Bank Guarantee -- -- [ICRA]BBB+ Rating Watch with Developing Implications --

Our Analysts

Analyst 1

Mihir Gada

Analyst 2

Abhishek Lahoti

Sector Head

Ashish Modani
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