Achieving a significant milestone, NHAI sponsored Infrastructure Investment Trust (InvIT) - Raajmarg Infra Investment Trust (RIIT) has received a AAA (Stable) rating for long-term bank facilities by CARE Ratings Limited. Key Achievement - RIIT, the Infrastructure Investment Trust (InvIT) sponsored by the National Highways Authority of India (NHAI), has been awarded a AAA (Stable) rating by CARE Ratings Limited. - This is the highest possible credit rating, signifying extremely low risk of default and strong financial health. What It Means - AAA (Stable) reflects: - High degree of safety and reliability of RIIT’s debt instruments. - Confidence that the rating will remain unchanged in the near to medium term. Reasons Behind the Rating - Backed by NHAI’s experience, credibility, and proven track record in the roads and highways sector. - Strategic importance of NHAI’s asset monetization programme, which has already monetized road assets worth around ₹1.43 lakh crore. Broader Context - RIIT recently received approval from SEBI as a Public InvIT. - Designed to unlock monetization potential of National Highway assets. - Targets retail and domestic investors, broadening public participation in India’s infrastructure growth story. This milestone strengthens RIIT’s position as a robust, investor-friendly platform supporting India’s infrastructure development and sustainable capital formation.
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