Religare Enterprises Limited (REL) announced that its step-down subsidiary, Religare Housing Development Finance Corporation Limited (RHDFCL), has had its credit rating reaffirmed. CARE Ratings has maintained a ‘CARE BBB-; Stable’ rating for RHDFCL’s long-term bank facilities, amounting to ₹500 crore. This reaffirmation reflects the continued financial stability and creditworthiness of the subsidiary, as communicated on November 5, 2026.
Credit Rating Reaffirmed for Subsidiary
Religare Enterprises Limited (REL) has disclosed the reaffirmation of the credit rating for its step-down subsidiary, Religare Housing Development Finance Corporation Limited (RHDFCL). The rating agency, CARE Ratings, communicated its decision on November 5, 2026. The company received this communication on November 6, 2026.
Details of the Rating
RHDFCL’s long-term bank facilities, totaling ₹500 crore, have been reaffirmed with a rating of ‘CARE BBB-; Stable’. This rating action indicates the agency’s assessment of the subsidiary’s continued creditworthiness and stable financial outlook. The reaffirmation pertains specifically to the facilities availed by RHDFCL.
Further Information
A press release detailing this rating action, issued by CARE Ratings on November 5, 2026, is available for access. Interested parties can find the full details at the provided link.
Source: BSE
