ICRA Assigns Triple-A Ratings to Cube Highways Trust Bank Facilities and NCDs
Cube Highways Trust has received favorable credit ratings from ICRA Limited for its various instruments, including long-term bank facilities and a tranche of non-convertible debentures (NCDs). These ratings have been assigned in affirmation of the trust's financial strength.ICRA’s Rating Committee provided comprehensive assessments across multiple debt categories. The Trust received a rating reaffirmation on all assessed instruments related to its banking partnerships and NCD issuances.
Bank Facilities Ratings
The creditworthiness of Cube Highways Trust’s bank facilities was rated by ICRA Limited with the highest assurance. The total amount covering long-term fund-based and non-fund-based facilities amounted to Rs 10,950.0 crore. These facilities have been assigned a rating of [ICRA]AAA (Stable); reaffirmed.The breakdown of these bank facilities rated by ICRA includes the following:
| Instrument Category | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long-term Fund-based Term Loan | 10,450.0 | [ICRA]AAA (Stable); reaffirmed |
| Long-term Non-fund based Guarantee | 500.0 | [ICRA]AAA (Stable); reaffirmed |
| Total Bank Facilities | 10,950.0 |
Non-Convertible Debentures Ratings
In addition to the banking facilities, ICRA Limited rated various tranches of non-convertible debentures issued by Cube Highways Trust. The total amount of NCDs rated stands at Rs 3,862.0 crore, all carrying a rating of [ICRA]AAA (Stable); reaffirmed.The specific details of the NCD instruments and their corresponding amounts are presented below:
| ISIN Number | Rated Amount (Rs. crore) | Rating |
|---|---|---|
| INE0NR607017 | 1,030.00 | [ICRA]AAA (Stable) |
| INE0NR607033 | 860.00 | [ICRA]AAA (Stable) |
| INE0NR607058 | 552.00 | [ICRA]AAA (Stable) |
| INE0NR607066 | 600.00 | [ICRA]AAA (Stable) |
| INE0NR607074 | 420.00 | [ICRA]AAA (Stable) |
| INE0NR607082 | 400.00 | [ICRA]AAA (Stable) |
| Total | 3,862.0 |
The ratings provided by ICRA Limited are specific to the terms and conditions of the instruments and were assigned on July 13, 2026.
CUBEINVIT Stock Price Movement
Today, shares of Cube Highways Trust edged higher to close at ₹154.00 after gaining 0.39%.The equity saw a volume of 125,000 in today's post-market trading session.
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