IRB Invit Fund has informed the Exchange regarding Credit rating Review on 22/04/2025
Awaiting price reaction for this filing.
India Ratings & Research (Ind-Ra) has reaffirmed IRB InvIT Fund's Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook. The rating covers two rupee term loans totalling INR 30,701 million — one of INR 4,031 million with Indian Bank (maturity Dec 2033) and another of INR 26,670 million with State Bank of India (maturity Sep 2037). Notably, the Indian Bank term loan has been substantially reduced from INR 15,144 million to INR 4,031 million, indicating significant debt prepayment. This is a review of the rating originally communicated on 13 September 2024, confirming continued strong creditworthiness.
Reaffirmation of the highest-rated IND AAA with Stable Outlook signals robust financial health and low default risk, which is positive for unitholders and creditors. The sharp reduction in one loan facility points to deleveraging, strengthening the trust's balance sheet.