Credit Rating

India’s only investment grade rated infrastructure entity

a. International Rating

Rating Agency Facility Rating/Outlook
Standard & Poor's Long-term Foreign Currency Issuer Credit Rating BBB -/ Stable
Moody's Long-term Foreign Currency Issuer Rating Baa3 -/ Stable
Fitch Long-term Foreign Currency Issuer Default Rating BBB - / Stable

b. Domestic Rating

Rating Agency Facility Rating/Outlook
ICRA, India Ratings & Research Bank Limits & NCDs AA +/ Stable
ICRA, India Ratings & Research Short Term Facilities – Commercial Papers A1+
ICRA
India Ratings

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