BSECube Highways TrustMediumNeutral
Announced Tue, 25 Nov · 18:17 IST

Cube Highways Trust has informed the Exchange regarding Credit rating Review on 15/09/2025

Credit & Debt View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Crisil Ratings has reaffirmed its credit rating on Cube Highways Trust's total bank loan facilities of Rs. 13,850 crore, completing the review dated September 15, 2025. The trust retains the highest investment-grade rating of CRISIL AAA/Stable for long-term facilities and CRISIL A1+ for short-term facilities. Rated exposures include Rupee term loans from SBI (Rs. 7,045 crore), NaBFID (Rs. 2,208 crore), ICICI Bank (Rs. 1,431 crore), HDFC Bank (Rs. 1,173 crore) and Axis Bank (Rs. 923 crore), plus bank guarantees from IndusInd Bank and Axis Bank, and a proposed Rs. 820 crore long-term loan facility.

Likely market impact

Retention of the top-tier AAA rating with a Stable outlook signals strong credit quality and low default risk, which is reassuring for unit holders and lends confidence to debt investors in the InvIT.