New Delhi: Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India, received a AAA (Stable) rating for its long-term bank facilities from CARE Ratings Limited, marking a major milestone for the asset monetisation programme.
CARE Ratings said the RIIT AAA rating reflected the highest level of creditworthiness and indicated an extremely low risk of default on debt obligations. The agency also assigned a ‘Stable’ outlook, signalling that the rating was likely to remain unchanged in the near to medium term.
The rating agency highlighted the strength drawn from NHAI’s experience and proven track record in the roads and highways sector. In addition, CARE Ratings factored in the strategic importance of NHAI’s asset monetisation programme.
NHAI has monetised national highway assets worth about ₹1.43 lakh crore so far. This scale and consistency supported confidence in the trust’s long-term financial stability.
RIIT AAA rating boosts investor confidence in NHAI InvIT
The RIIT AAA rating also followed approval granted by the Securities and Exchange Board of India for Raajmarg Infra Investment Trust to operate as a public Infrastructure Investment Trust.
The Public InvIT aims to unlock value from national highway assets while offering a high-quality, long-term investment avenue. It primarily targets retail and domestic investors seeking stable returns.
Officials said the initiative would widen public participation in India’s highway infrastructure growth. Moreover, it supports sustainable capital formation for future road development projects.
With this top-tier rating, RIIT strengthened its position as an investor-friendly platform. The development reinforced NHAI’s efforts to combine infrastructure expansion with transparent and reliable financial mechanisms.
