National Highways Infra Trust has informed the Exchange regarding Credit rating obtained on 26/02/2026
Awaiting price reaction for this filing.
India Ratings & Research (Ind-Ra) has affirmed National Highways Infra Trust (NHIT) and all its debt instruments at the highest investment grade rating of 'IND AAA' with a Stable outlook. The affirmation covers the issuer rating, existing bank loan facilities of INR210.28 billion (reduced from INR213.20 billion), NCDs of INR15 billion, and bonds of INR30 billion. Additionally, a new proposed bank loan facility of INR34.00 billion has been assigned the same IND AAA/Stable rating, with INR33.25 billion earmarked for concession fee payment for the round 5 asset acquisition. The rating is supported by NHIT's diversified 28-asset toll road portfolio spanning 11 states, strong NHAI sponsorship, DSCR above 1.80x, and net debt-to-EV ratio of 42.22% (well below the 70% SEBI cap).
This is a positive development for unitholders as the top-tier AAA rating with Stable outlook confirms NHIT's strong credit quality and low refinancing risk. The new INR34 billion credit facility supports the planned acquisition of two additional toll road assets (310 km) from NHAI, expected to be completed by end-FY26, which should further diversify cash flows and support future distributions.