Ashoka Buildcon Limited — Credit Ratings, 03-06-2025: Credit Rating

Acuite Ratings has reaffirmed Ashoka Buildcon Limited’s long-term and short-term credit ratings at ‘ACUITE AA’ and ‘ACUITE A1+’ while maintaining a ‘Rating watch with developing implications’. The affirmation reflects progress in monetizing 5 BOT and 11 HAM projects, with approvals secured from NHAI and lenders. The planned asset sales by FY26 are expected to significantly reduce the company’s debt and interest expenses, strengthening its financial health. This stability may lower borrowing costs and boost investor confidence. Acuite will keep monitoring the impact of these developments on Ashoka Buildcon’s capital structure and operations.