Altius Telecom Infrastructure Trust has informed the Exchange regarding Credit rating Review on 21/04/2025
Awaiting price reaction for this filing.
Altius Telecom Infrastructure Trust announced that both CARE Ratings and CRISIL Ratings have reaffirmed the highest credit ratings for the Trust and its debt instruments. The issuer rating stands reaffirmed at CARE AAA; Stable and CRISIL AAA/Stable. Ratings on Non-Convertible Debentures (NCDs) totaling Rs. 11,400 crore have also been reaffirmed at the same AAA; Stable levels. Additionally, the Commercial Paper rating was reaffirmed at CRISIL A1+. A new NCD of Rs. 1,200 crore was issued on April 21, 2025 with a 7.45% coupon rate and bullet repayment in April 2035, alongside a proposed Rs. 450 crore NCD tranche.
The reaffirmation of AAA ratings (the highest possible credit grade) signals strong financial health and lowest credit risk, which is positive for existing and prospective NCD/Commercial Paper investors. For unit holders, this stable top-tier rating supports continued investor confidence in the Trust's debt servicing capability.