BSECube Highways TrustMediumNeutral
Announced Mon, 23 Mar · 22:49 IST

Cube Highways Trust has informed the Exchange regarding Credit rating obtained on 23/03/2026

Credit & Debt View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Cube Highways Trust has received a credit rating from CRISIL Ratings for its total bank loan facilities of Rs. 13,850 crores. The trust has been assigned a long-term rating of CRISIL AAA with a Stable outlook and a short-term rating of CRISIL A1+, both of which are the highest ratings on CRISIL's scale. The rated facilities include bank guarantees from IndusInd Bank (Rs. 150 cr) and Axis Bank (Rs. 100 cr), along with rupee term loans from major lenders such as SBI (Rs. 7,542 cr), NaBFID (Rs. 2,843 cr), HDFC Bank (Rs. 1,171 cr), Axis Bank (Rs. 921 cr), and ICICI Bank (Rs. 181 cr), plus a proposed long-term bank loan facility of Rs. 942 cr.

Likely market impact

The top-tier CRISIL AAA/Stable and A1+ ratings signal the highest degree of safety for lenders and bondholders, reflecting strong creditworthiness. For unit holders, this reinforces confidence in the InvIT's ability to service its debt obligations and should be supportive of the trust's borrowing costs going forward.