Digital Fibre Infrastructure Trust has informed the Exchange regarding Credit rating Review on 28/03/2025
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed the issuer rating of Digital Fibre Infrastructure Trust at 'CARE AAA; Stable', the highest investment-grade rating. The rating action is based on the Trust's operational and financial performance for FY24 (audited) and 9MFY25 (provisional). Separately, the rating on the Trust's Non-Convertible Debentures of Rs 32,940 crore (reduced from Rs 33,131 crore) was also reaffirmed at 'CARE AAA; Stable'. The NCDs are to be repaid in structured annual installments from September 2024 to September 2050.
This is a positive neutral signal for unit holders — the highest possible credit rating has been maintained, reflecting strong creditworthiness and low default risk on the Trust's debt. Investors can take comfort in continued access to low-cost borrowing and stable outlook for distributions.