Cube Highways Trust has informed the Exchange regarding Credit rating Review on 29/07/2026
RATING
▲ Positive Development
LOW RISK
📅 Filed on BSE: 30 Jul 2026, 11:11 PM IST · BSE ID: 074c599e-83d6-4b71-8abb-5813ffea7074
View Original BSE Filing (PDF)
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In Simple Terms
Cube Highways Trust's borrowings have been confirmed as having the highest safety by India Ratings, maintaining their top 'AAA' rating.
🤖 AI Summary
- Cube Highways Trust reaffirmed 'AAA' (Stable) rating on Rs. 12,577 Crore debt from India Ratings.
- Rating covers multiple term loans and non-convertible debentures, totaling Rs. 12,577 Crore.
- This reaffirms the highest credit tier for the Trust's outstanding debt obligations.
- The 'Stable' outlook suggests no immediate change anticipated in the Trust's credit profile.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Term Loan and Bank Guarantee rated
8,315.00 Crore
Total Non-Convertible Debentures rated
4,255.00 Crore
Total Debt Rated
12,570.00 Crore
🏢 How This Affects the Company
Maintaining the highest credit rating facilitates continued access to debt markets at favorable terms for ongoing and future infrastructure projects.
The 'AAA' rating reduces the cost of borrowing and supports the Trust's ability to manage its debt obligations efficiently.
This rating affirmation mitigates refinancing risk and strengthens the Trust's financial stability and market perception.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders. This is an informational disclosure regarding credit ratings.
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Who Is Affected
Holders of Cube Highways Trust's debt instruments are directly affected as the rating impacts perceived credit risk.
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Management Signal
The reaffirmation signals management's continued ability to meet its debt obligations and maintain financial discipline.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Review of future credit rating reports from other agencies.
Monitoring of debt servicing and financial performance in upcoming results.
Any significant changes in the Trust's asset portfolio or leverage.
LOW RISK
The highest 'AAA' rating with a stable outlook indicates minimal credit risk associated with the Trust's debt.
💡 Investor Takeaway
Cube Highways Trust's Rs. 12,577 Crore debt, comprising term loans and NCDs, has been affirmed 'AAA' (Stable) by India Ratings, confirming the highest credit quality.
⚖️ Strengths & Concerns
✅ Positives
- India Ratings & Research reaffirmed 'AAA' rating on Rs. 12,577 Crore of debt, signifying highest creditworthiness.
- A 'Stable' outlook from India Ratings indicates continued financial stability for the Trust's debt instruments.
📅 Company Track Record
Cube Highways Trust has consistently maintained 'AAA' ratings from multiple agencies, including ICRA and CRISIL, on substantial debt issuances over the past year.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What credit rating did India Ratings & Research assign to Cube Highways Trust?
India Ratings & Research assigned an 'IND AAA/Stable' rating to Cube Highways Trust's bank loan facilities and non-convertible debentures.
What is the total value of debt rated by India Ratings for Cube Highways Trust?
India Ratings & Research rated INR 83.15bn (Rs. 8,315 Crore) in bank loan facilities and INR 42.55bn (Rs. 4,255 Crore) in non-convertible debentures.
What does the 'Stable' outlook signify for Cube Highways Trust?
The 'Stable' outlook signifies that India Ratings expects the Trust's credit profile to remain unchanged over the medium term.
Which instruments were covered by the 'AAA' rating from India Ratings?
The rating covered term loans, bank guarantees, and non-convertible debentures issued by Cube Highways Trust.
Questions based on this BSE filing only. For information purposes.