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Entity-Specific Rating Rationales

17 Jun 2025

IndiGrid Infrastructure Trust: Update on material event

IndiGrid Infrastructure Trust: Update on material event

03 Jun 2025

IndiGrid Infrastructure Trust: Rating assigned for proposed NCD programme; ratings reaffirmed for existing instruments; rating reaffirmed and withdrawn for matured NCD programme

IndiGrid Infrastructure Trust: Rating assigned for proposed NCD programme; ratings reaffirmed for existing instruments; rating reaffirmed and withdrawn for matured NCD programme

18 Mar 2025

IndiGrid Infrastructure Trust: Rating assigned for proposed NCD programme and enhanced commercial paper limits; ratings reaffirmed for existing instruments

IndiGrid Infrastructure Trust: Rating assigned for proposed NCD programme and enhanced commercial paper limits; ratings reaffirmed for existing instruments

15 Nov 2024

India Grid Trust: Rating assigned for enhanced bank limits and reaffirmed for existing instruments

India Grid Trust: Rating assigned for enhanced bank limits and reaffirmed for existing instruments

11 Sep 2024

India Grid Trust: Ratings reaffirmed; rating reaffirmed and withdrawn for the matured NCD programme

India Grid Trust: Ratings reaffirmed; rating reaffirmed and withdrawn for the matured NCD programme

12 Feb 2024

India Grid Trust: Rating assigned for proposed NCD programme and ratings reaffirmed for existing instruments

India Grid Trust: Rating assigned for proposed NCD programme and ratings reaffirmed for existing instruments

17 Jan 2024

India Grid Trust: Update on Material Event

India Grid Trust: Update on Material Event

16 Oct 2023

India Grid Trust: Change in limits

India Grid Trust: Change in limits

16 Aug 2023

India Grid Trust: Rating assigned for proposed NCD programme and ratings reaffirmed for existing instruments

India Grid Trust: Rating assigned for proposed NCD programme and ratings reaffirmed for existing instruments

23 May 2023

India Grid Trust: Update on Material Event

India Grid Trust: Update on Material Event

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Entity-Specific Credit Perspective Reports

14 Oct 2024

IndiGrid Infrastructure Trust

IndiGrid Infrastructure Trust (Non-SF)

03 May 2023

IndiGrid Infrastructure Trust

IndiGrid Infrastructure Trust (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debenture -- -- [ICRA]AAA(Stable) --
Proposed NCD -- -- [ICRA]AAA(Stable) --
Commercial Paper [ICRA]A1+ -- -- --
Short Term Non-Fund Based [ICRA]A1+ -- -- --
Term Loan -- -- [ICRA]AAA(Stable) --
Fund based Overdraft [ICRA]A1+ -- [ICRA]AAA(Stable) --
Non-fund based – Bank Guarantee [ICRA]A1+ -- -- --
Issuer rating -- -- [ICRA]AAA(Stable) --
Market Linked Debenture (MLD) -- -- * --

Our Analysts

Analyst 1

Mahesh Patil

Analyst 2

Rachit Mehta

Sector Head

Girishkumar Kashiram Kadam
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