India Ratings assigns AAA rating to NHAI's FY18 borrowing plan

Strong federal control and operational performance support the ratings

With government pushing infrastructure development by way of developing world class roads, National Highways Authority of India (NHAI) has geared up to borrow Rs 59,000 crore through a string of instruments including bonds during the current financial year (2017-18).

The authority has been given AAA rating and a stable outlook by India Ratings and Research. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

NHAI, being the sole agency responsible for the development of national highways in India, is strategically important to the government. Its fundamental