IndInfravit Trust hits 52-week high after CRISIL assigns 'AAA/Stable' rating on debt instruments

The instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations, company said.

Jun 03, 2021 04:06 IST India Infoline News Service

CRISIL Ratings has assigned a CRISIL AAA with a Stable outlook to the Rs850cr Non-Convertible Debentures (NCDs) debt instruments of IndInfravit Trust.

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry the lowest credit risk, the company said in a filing on Thursday.

Indinfravit Trust trade on Thursday ended at 52-eek high of Rs116.75 per piece up Rs7.85  or 7.21% on the BSE. 

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