Roadstar Infra Investment Trust has informed the Exchange regarding Credit rating obtained on 25/03/2026
Awaiting price reaction for this filing.
Roadstar Infra Investment Trust has received a credit rating of 'ACUITE AA (Stable)' from Acuité Ratings for a proposed bank loan facility of Rs. 3,300 Crore. The borrowing is aimed at refinancing existing debt currently sitting at the SPV (project) level by moving it up to the Trust (InvIT) level, which will simplify the capital structure and centralize debt servicing. The rating is supported by a diversified portfolio of 6 operational road assets (~3,145 lane km across 6 states), an average DSCR of ~1.8x, structural safeguards like a 2-quarter DSRA, escrow with waterfall mechanism, and cash sweep/trap provisions. Key concerns include contingent liabilities of Rs. 320 crore, pending completion costs of ~Rs. 80 crore at one asset, and historical penalties at SPVs. Toll revenue grew to Rs. 817 crore in FY25 from Rs. 612 crore in FY24, with another Rs. 769 crore collected in 9MFY26.
This is a positive development for unit holders — securing a high AA rating with stable outlook enables cheaper refinancing and simplifies the debt structure. It strengthens the Trust's credit profile, potentially lowering borrowing costs and improving distributions to investors over time.