CARE Ratings Limited has reaffirmed Aavas Financiers Limited’s credit rating and revised the outlook from Stable to Positive. The ratings apply to both long-term bank facilities amounting to ₹9,662 crore and non-convertible debentures totaling ₹1,339.11 crore. This revision reflects CARE Ratings’ assessment of the company’s improved credit profile and future performance expectations.
Credit Rating Reaffirmation
Aavas Financiers Limited has received affirmation on its credit ratings from CARE Ratings Limited. The long-term bank facilities, valued at ₹9,662 crore, and the non-convertible debentures (NCDs), totaling ₹1,339.11 crore, maintain their ratings under this review.
Outlook Upgrade
A key highlight of this announcement is the revision of the credit rating outlook from Stable to Positive. CARE Ratings’ decision reflects a positive shift in their assessment of Aavas Financiers’ financial standing and future prospects.
Details of Rated Instruments
The ratings apply to the following instruments:
- Long Term Bank Facilities: ₹9,662 crore, rated CARE AA; Positive
- Non-Convertible Debentures (NCDs): ₹1,339.11 crore, rated CARE AA; Positive
Specific NCD Details
Below are the details of the Non-Convertible Debentures:
| ISIN | Credit Rating | Outlook | Rating Action | Date of Credit Rating | Verification Status | Date of Verification |
|---|---|---|---|---|---|---|
| INE216P07225 | CARE AA; Positive | Positive | Reaffirmed; Outlook revised from Stable to Positive | September 25, 2025 | Verified | September 25, 2025 |
| INE216P07217 | CARE AA; Positive | Positive | Reaffirmed; Outlook revised from Stable to Positive | September 25, 2025 | Verified | September 25, 2025 |
| INE216P07258 | CARE AA; Positive | Positive | Reaffirmed; Outlook revised from Stable to Positive | September 25, 2025 | Verified | September 25, 2025 |
| INE216P07266 | CARE AA; Positive | Positive | Reaffirmed; Outlook revised from Stable to Positive | September 25, 2025 | Verified | September 25, 2025 |
| INE216P07282 | CARE AA; Positive | Positive | Reaffirmed; Outlook revised from Stable to Positive | September 25, 2025 | Verified | September 25, 2025 |
| INE216P07274 | CARE AA; Positive | Positive | Reaffirmed; Outlook revised from Stable to Positive | September 25, 2025 | Verified | September 25, 2025 |
| INE216P07290 | CARE AA; Positive | Positive | Reaffirmed; Outlook revised from Stable to Positive | September 25, 2025 | Verified | September 25, 2025 |
Source: BSE