BSEOthers1d ago · 30 Jul 2026, 11:11 pm
Cube Highways Trust has informed the Exchange regarding Credit rating Review on 29/07/2026
Cube Highways Trust · 543899
✦ AI SummaryResults
Cube Highways Trust has received credit ratings from India Ratings and Research for its bank facilities and non-convertible debentures, with all ratings being IND AAA/Stable.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Cube Highways Trust - 543899 - Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
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July 30, 2026
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
20th Floor, P. J. Towers Exchange Plaza, C-1, Block-G
Dalal Street, Mumbai – 400 001 Bandra-Kurla Complex, Bandra (E)
Units: Mumbai - 400 051
Scrip Code: 543899 ISIN: INE0NR623014 Symbol: CUBEINVIT
Non-convertible debentures:
Scrip Code: 974936 ISIN: INE0NR607017
Scrip Code: 975770 ISIN: INE0NR607025
Scrip Code: 976397 ISIN: INE0NR607033
Scrip Code: 976434 ISIN: INE0NR607041
Scrip Code: 976636 ISIN: INE0NR607058
Scrip Code: 976637 ISIN: INE0NR607066
Scrip Code: 977036 ISIN: INE0NR607074
Scrip Code: 977037 ISIN: INE0NR607082
Scrip Code: 977917 ISIN: INE0NR607090
Sub: Intimation regarding Credit Rating of Cube Highways Trust
Dear Sir/Ma’am,
Pursuant to the provisions of Regulation 23 of Securities and Exchange Board of India (SEBI)
(Infrastructure Investment Trusts) Regulations, 2014, read with SEBI Master Circular no.
SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, and Regulation 51 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that following credit
rating(s) have been received:
Sr. Name of Credit Particulars Size of the Ratings and Outlook
No. Rating Agency issue (In Crore)
1. Term loan 5,622.69 IND AAA/Stable
2. Term Loan 413.90 IND AAA/Stable
3. Term Loan 645.40 IND AAA/Stable
4. Term Loan 1,382.99 IND AAA/Stable
5. India Ratings & Bank Guarantee 100.00 IND AAA/Stable
Research
6. Bank Guarantee 150.00 IND AAA/Stable
7. Non-Convertible Debentures 1,030.00 IND AAA/Stable
8. Non-Convertible Debentures 648.00 IND AAA/Stable
9. Non-Convertible Debentures 552.00 IND AAA/Stable
10. Non-Convertible Debentures 600.00 IND AAA/Stable
11. Non-Convertible Debentures 420.00 IND AAA/Stable
12. Non-Convertible Debentures 400.00 IND AAA/Stable
13. Non-Convertible Debentures 600.00 IND AAA/Stable
We enclose herewith a credit rating letter issued by the rating agency for your information.
Request to take the same on record.
For Cube Highways Fund Advisors Private Limited
(acting in its capacity as Investment Manager to Cube Highways Trust)
Richa Gupta Rohatgi
Company Secretary and Compliance Officer
Encl: As above
CC to:
Trustee to the InvIT Debt Security Trustee
Axis Trustee Services Limited Catalyst Trusteeship Limited
Axis House, P B Marg, Worli 901, 9th Floor, Tower-B Peninsula
Mumbai, Maharashtra, India, 400025 Business Park, Senapati Bapat Marg
Lower Parel(W), Mumbai, Maharashtra- 400013
CUBE HIGHWAYS FUND ADVISORS PRIVATE LIMITED
CIN: U74999DL2021FTC379941
Regd. Office: B-376, UGF, Nirman Vihar, New Delhi - 110092
Corporate Office: Unit No. 1901, 19th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida, U.P-201301
E-mail: - compliance.officer@cubehighways.com, Phone: +91-120-4868300
Mr. Saurabh Bansal
Vice President - Cube Highways Fund Advisors Private Limited (IM of CHT)
CUBE HIGHWAYS TRUST
Unit No.1901, 19th Floor, Tower B,
World Trade Tower, Plot No.C-1,
Sector 16, Noida-201301
July 29, 2026
Dear Sir/Madam,
Re: Rating Letter of CUBE HIGHWAYS TRUST
India Ratings and Research (Ind-Ra) is pleased to communicate the rating of CUBE HIGHWAYS TRUST's bank facilities & NCDs as
follows:
INR 83.15bn Bank loan facilities: IND AAA/Stable
INR42.55bn Non-convertible debentures: IND AAA/Stable
In issuing and maintaining its ratings, India Ratings relies on factual information it receives from issuers and underwriters and from other
sources India Ratings believes to be credible. India Ratings conducts a reasonable investigation of the factual information relied upon by it in
accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such
sources are available for a given security.
The manner of India Ratings factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of
the rated security and its issuer, the requirements and practices in India where the rated security is offered and sold, the availability and
nature of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party
verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other
reports provided by third parties, the availability of independent and competent third-party verification sources with respect to the particular
security or in the particular jurisdiction of the issuer, and a variety of other factors.
Users of India Ratings ratings should understand that neither an enhanced factual investigation nor any third-party verification can ensure that
all of the information India Ratings relies on in connection with a rating will be accurate and complete. Ultimately, the issuer and its advisers
are responsible for the accuracy of the information they provide to India Ratings and to the market in offering documents and other reports.
In issuing its ratings India Ratings must rely on the work of experts, including independent auditors with respect to financial statements and
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It will be important that you promptly provide
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