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Entity-Specific Rating Rationales

02 Apr 2025

National Highways Authority of India: Rating reaffirmed

National Highways Authority of India: Rating reaffirmed

03 Apr 2024

National Highways Authority of India: Rating reaffirmed

National Highways Authority of India: Rating reaffirmed

04 Apr 2023

National Highways Authority of India: Rating reaffirmed

National Highways Authority of India: Rating reaffirmed

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Entity-Specific Credit Perspective Reports

30 Apr 2025

National Highways Authority of India

National Highways Authority of India (Non-SF)

02 May 2024

National Highways Authority of India

National Highways Authority of India (Non-SF)

05 May 2023

National Highways Authority of India

National Highways Authority of India (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term Borrowing Programme for 2017-18 (excluding 54 EC Bonds) -- -- [ICRA]AAA(Stable) --
Long-term Borrowing Programme for 2018-19 -- -- [ICRA]AAA(Stable) --
Long-term Borrowing Programme for 2020-21 -- -- [ICRA]AAA(Stable) --
Long-term Borrowing Programme for 2021-22 -- -- [ICRA]AAA(Stable) --
Tax-free Bonds – 2015-16 -- -- [ICRA]AAA(Stable) --
Long-term Borrowing Programme for 2016-17 -- -- [ICRA]AAA(Stable) --
Fund Based – Overdraft * -- -- --
54 EC Bonds under the Long-term Borrowing Programme for 2017-18 -- -- * --
54EC bonds – 2014-15 -- -- * --

Our Analysts

Analyst 1

Mrinal Jain

Analyst 2

Vinay Kumar G

Sector Head

Ashish Modani
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Thermal Generation and Power Distribution – Trends & Outlook

Thermal Generation and Power Distribution – Trends & Outlook
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28 May 2025 04:00 PM

Thermal Generation and Power Distribution – Trends & Outlook

Thermal Generation and Power Distribution – Trends & Outlook
--By Mr. Girishkumar Kadam,Mr. Vikram V
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08 Apr 2025 04:00 PM

ICRA Webinar on the Indian Banking Sector - Regulatory easing to support credit growth in FY2026; asset quality remains monitorable

--By Mr Karthik Srinivasan,Mr Anil Gupta,Mr Sachin Sachdeva
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03 Apr 2025 04:00 PM

ICRA Webinar on Outlook FY2026

--By Mr. K Ravichandran,Ms. Aditi Nayar,Mr. Karthik Srinivasan
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