Aadhar Housing Finance Limited announced that ICRA Limited has upgraded its credit rating for several instruments, including Non-Convertible Debentures and Long-term Bank Facilities, to ICRA AA+. The outlook for these instruments has been revised from Positive to Stable. This upgrade reflects the company’s strengthened financial position and its ability to meet its debt obligations. The rating action was effective as of September 22, 2026.
ICRA Upgrades Aadhar Housing Finance Ratings
Aadhar Housing Finance Limited has received a significant credit rating enhancement from ICRA Limited. As of September 22, 2026, ICRA has upgraded the credit ratings for the company’s Non-Convertible Debentures and Long-term bank facilities to [ICRA]AA+. Concurrently, the outlook for these instruments has been revised from Positive to Stable.
Detailed Rating Actions
The upgrade applies to various instruments, with a total rated amount of ₹2,231.63 crore for Non-Convertible Debentures and ₹1,350.00 crore for Long-term bank facilities. Additionally, Subordinated debt amounting to ₹60.00 crore also carries the [ICRA]AA+ (Stable) rating. ICRA also reaffirmed the [ICRA]A1+ rating for Commercial Papers, amounting to ₹600.00 crore.
Furthermore, ICRA has withdrawn the ratings assigned to Non-Convertible Debentures totaling ₹504.40 crore due to their redemption. The rating actions indicate a positive assessment of Aadhar Housing Finance’s creditworthiness and its outlook.
Impact of Rating Revision
The upgrade and revised outlook by ICRA suggest an improved perception of Aadhar Housing Finance’s financial stability and its capacity to manage its debt obligations. This is expected to be favorable for the company’s ability to raise further capital at potentially better terms in the future.
Source: BSE
