NHAI’s Raajmarg Infra Investment Trust Gets AAA (Stable) Rating from CARE
The ‘Stable’ outlook suggests that the rating is expected to remain unchanged over the near to medium term
In a major boost to India’s infrastructure financing ecosystem, NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has received a AAA (Stable) rating for its long-term bank facilities from CARE Ratings Limited.
The top-tier rating reflects the highest level of creditworthiness, indicating extremely low risk of default and strong financial stability. The ‘Stable’ outlook suggests that the rating is expected to remain unchanged over the near to medium term.
CARE Ratings noted that the rating derives significant strength from the experience, credibility, and proven execution track record of the National Highways Authority of India (NHAI) in the roads and highways sector. The strategic importance of NHAI’s asset monetisation programme was also a key factor in the assessment. So far, NHAI has successfully monetised national highway assets worth around ₹1.43 lakh crore.
Recently, Raajmarg Infra Investment Trust (RIIT) received approval from the Securities and Exchange Board of India (SEBI) to operate as an Infrastructure Investment Trust (InvIT). The Public InvIT aims to unlock the monetisation potential of national highway assets while offering a high-quality, long-term investment avenue, primarily for retail and domestic investors.
The development further strengthens NHAI’s asset monetisation framework and marks an important step toward broadening public participation in India’s national highway infrastructure growth story, while supporting sustainable capital formation.
