Aadhar Housing Finance Ltd. has received an upgraded credit rating from India Ratings and Research to ‘IND AA+’ from ‘IND AA’. The company’s outlook has also been reaffirmed as Stable. This upgrade applies to both the Non-Convertible Debentures and Bank Loan Facilities, totaling ₹12,250 crore. The revision reflects positively on the company’s financial stability and market position.
Aadhar Housing Finance Secures Enhanced Credit Rating
Aadhar Housing Finance Ltd. has been notified of a significant upgrade in its credit rating by India Ratings and Research (Ind-Ra). The rating for the company’s debt instruments has been revised upwards to ‘IND AA+’ from the previous ‘IND AA’. Concurrently, the Outlook for these instruments has been maintained as Stable.
Instrument-Wise Rating Details
The rating action specifically impacts Aadhar Housing Finance’s Non-Convertible Debentures and Bank Loan Facilities. The total value of these instruments amounts to ₹12,250 crore.
- Non-Convertible Debentures: Rated at IND AA+ with a Stable Outlook. The amount rated is ₹7,250 crore.
- Bank Loan Facilities: Rated at IND AA+ with a Stable Outlook. The amount rated is ₹5,000 crore.
India Ratings and Research has communicated that the rating action was taken following an upgrade and revision of the outlook to Stable from Positive for these financial instruments.
Source: BSE
