Kerala Infrastructure Investment Fund Board — Bonds & AA (India Ratings) Rating

• ✓ Current ratings India Ratings AA, India Ratings AA-, Acuité AA
• ! Rating range Current ratings range from AA- (Acuité 31 Mar 2025, India Ratings 31 Jan 2026) to AA+ (India Ratings 31 Jan 2026)
• – Rating direction, 12 months No rating actions on file
• – Watch / negative outlook None in 12 months
• – Issuer not cooperating No such actions in 12 months
• – Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
• ✓ Newest agency rating Dated 31 Jan 2026
• – Payment record No payment disclosures since 17 Jul 2026
• ✓ Defaults on record No bond marked defaulted
• ✓ Traded in the last 30 days 30 of 91 active bonds had an exchange trade
• – Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.