CARE Ratings Reaffirms AAA Status for National Highways Infra Trust Across Bank Facilities and Debt Instruments
CARE Ratings Limited has reaffirmed the credit ratings of National Highways Infra Trust (NHIT) following a review of the company's operational and financial performance for Fiscal Year 2026. The ratings confirmed NHIT's strong financial standing across its bank facilities, Non-Fund Based Limits (NFBs), Non-Convertible Debentures (NCDs), and Zero Coupon Bonds (ZCBs).The overall Issuer rating for the Trust was reaffirmed at CARE AAA; Stable.
Credit Rating for Bank Facilities
CARE Ratings reviewed the performance of NHIT's bank facilities, reaffirming strong ratings across various debt types. The Long Term Bank Facilities were rated CARE AAA; Stable. The total rated amount for these long-term facilities stood at ₹24,182.31 crore (down from 24,322.64 crore).In the short to medium term, the Long Term / Short Term Bank Facilities were also reaffirmed with a rating of CARE AAA; Stable / CARE A1+. The rated amount for these facilities was ₹620.00 crore, which was enhanced from its previous status when it stood at 530.00 crore.
A summary of the bank facility ratings is provided below:
| Facility Type | Rating | Rated Amount (₹ crore) | Action |
|---|---|---|---|
| Long Term Bank Facilities | CARE AAA; Stable | 24,182.31 | Reaffirmed |
| Long Term / Short Term Bank Facilities | CARE AAA; Stable / CARE A1+ | 620.00 | Reaffirmed |
Furthermore, the Trust's total Non-Fund Based Limits (NFBs) were rated at ₹570.00 crore.
Ratings for Debt Instruments
The review also covered NHIT's dedicated debt instruments, including Non-Convertible Debentures and Zero Coupon Bonds. Both categories were reaffirmed with a rating of CARE AAA; Stable.NHIT's Non-Convertible Debenture (NCD) issue, rated at ₹1,500.00 crore, was reaffirmed for the purpose of its 24-year tenure public issue. The Trust’s Zero Coupon Bonds (ZCB), with a total assessed amount of ₹2,031.68 crore, were also given a CARE AAA; Stable rating.
Details regarding the rated debt instruments include:
| Instrument Type | Rated Amount (₹ crore) | Rating |
|---|---|---|
| Non Convertible Debentures (NCD) | 1,500.00 | CARE AAA; Stable |
| Zero Coupon Bonds (ZCB) | 2,031.68 | CARE AAA; Stable |
These rating actions confirm the robust creditworthiness of National Highways Infra Trust across its various financial obligations and instruments as of June 9, 2026.
NHIT Stock Price Movement
National Highways Infra Trust shares are edging higher to ₹167 as of 2:15 PM, rallying after gaining ₹0.70 or 0.42% in live trading. The stock achieves a significant milestone, hitting its 52-week high amidst robust activity with 25,000 shares traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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