Altius Telecom Infrastructure Trust has informed the Exchange regarding Credit rating Review on 22/05/2025
Awaiting price reaction for this filing.
Altius Telecom Infrastructure Trust has informed the exchange that CRISIL Ratings has withdrawn its rating on the Trust's Commercial Papers (CPs), which were earlier rated CRISIL A1+ (the highest short-term rating). The withdrawal is because the Trust fully redeemed all outstanding CPs during the previous financial year, and there were no CPs outstanding as of March 31, 2025. The Trust formally requested CRISIL to withdraw the rating, and CRISIL issued a press release confirming the withdrawal on May 22, 2025. This is a routine housekeeping action — no negative rating action has been taken.
No negative impact for unit-holders. The Trust has cleared all its short-term CP borrowings, and the rating withdrawal simply reflects that the rated instrument no longer exists. This is a neutral, administrative announcement.