India Infrastructure Trust updates on CCR

CRISIL Ratings Limited has revised its Corporate Credit Rating ("CCR") scale to align the same with the SEBI-standardised 20-point long term scale in compliance with the regulatory guidelines issued by Securities and Exchange Board of India ("SEBI") for standardising rating scales used by Credit Rating Agencies.

Accordingly, due to the above revision in CCR scale, CRISIL Ratings has migrated the CCR of India Infrastructure Trust ("Trust") to "CRISIL AAA/Stable" (pronounced as CRISIL triple A rating with Stable outlook) from "CCR AAA/Stable", on December 13, 2022.

This migration represents only a recalibration of the CCR rating from one scale to another and does not reflect any change in the credit risk profile of the Trust.

Shares of India Infrastructure Trust was last trading in BSE at Rs. 97.00 as compared to the previous close of Rs. 99.00. The total number of shares traded during the day was 200000 in over 1 trades.

The stock hit an intraday high of Rs. 97.00 and intraday low of 97.00. The net turnover during the day was Rs. 19400000.00.

Source : Equity Bulls

Keywords

IndiaInfrastructureTrust INE05KD23015 InvIT INFRATRUST CCR SEBI CorporateCreditRating