Sammaan Capital Limited has received an upgrade to its long-term debt rating, reaching ‘ICRA AA+/Stable’. This marks the completion of a successful 50-day cycle in which all three major domestic credit rating agencies—CRISIL, CARE Ratings, and ICRA—have upgraded the company following a strategic equity infusion from IHC on March 31, 2026. The improvement in credit standing is expected to lower the company’s cost of funds and support accelerated business growth.
Triple Rating Success
In a significant development for the company’s financial profile, ICRA (an Affiliate of Moody’s) has upgraded Sammaan Capital Limited’s long-term debt programme to ‘ICRA AA+/Stable’, effectively removing the company from ‘Rating Watch with Developing Implications’. This move completes a full upgrade cycle from domestic agencies, with CRISIL issuing its upgrade on April 9, 2026, and CARE Ratings following suit on May 12, 2026.
Strategic Rationale for Upgrades
The rating agencies based their positive assessment on several key factors, primarily the strategic importance of Sammaan Capital to IHC. The expectation of continued managerial, operational, and financial support from the parent entity, combined with a significantly strengthened capital position resulting from recent equity infusions, has bolstered investor and agency confidence. Furthermore, the company’s sustained asset quality and established presence in the competitive retail mortgage finance market were cited as primary contributors to the upward trajectory.
Impact on Future Growth
The sequential upgrades across all three major agencies have already resulted in a meaningful improvement in the company’s cost of funds. By securing a lower cost of capital, Sammaan Capital plans to penetrate a wider, more competitively priced segment of the market. Management expects that these improved credit ratings will continue to provide momentum, potentially leading to positive adjustments in its international credit ratings and further strengthening the company’s ability to accelerate loan disbursals throughout the upcoming quarters.
Source: BSE
