The National Highways Authority of India (NHAI) announced that its Infrastructure Investment Trust (InvIT) named Raajmarg Infra Investment Trust (RIIT) has secured a AAA (Stable) rating for its long-term bank facilities from CARE Ratings Limited. This rating signifies the high level of safety and reliability offered by RIIT’s debt instruments, making it a secure investment choice for investors. The AAA (Stable) rating reflects RIIT’s strong financial health and minimal risk of default on debt, with an expectation of stability in the rating in the near to medium term.
CARE Ratings emphasized that the rating is supported by RIIT’s sponsor, NHAI, known for its experience, credibility, and successful track record in the roads and highways sector. The strategic significance of NHAI’s asset monetization program was also a key factor in the rating assessment. NHAI has already monetized road assets worth approximately Rs 1.43 lakh crore, showcasing its commitment to infrastructure growth and capital formation in India.
Recently approved by the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (InvIT), Raajmarg Infra Investment Trust (RIIT) aims to unlock the monetization potential of National Highway assets. This initiative targets retail and domestic investors, offering a high-quality, long-term investment avenue. The Public InvIT by RIIT is a significant move towards enhancing public involvement in the growth of National Highway infrastructure, aligning with the Ministry of Road Transport and Highways’ vision for infrastructure development.
