India Ratings & Research (Ind-Ra) has assigned Reliance Infrastructure's (R-Infra) Rs 8.5 billion term loans a final rating of 'AA(SO)'.

The rated Rs 8.5 billion term loans are part of the Rs 27.25 billion debt programme which was assigned an expected rating of 'AA(SO)(exp)' on Feb. 14, 2014.

The rated facility is secured against regulatory asset collection (RAC) in R-Infra's Mumbai distribution business.

Shares of the company gained Rs 16.85, or 3.33%, to settle at Rs 522.20. The total volume of shares traded was 541,214 at the BSE (Thursday).