CARE Ratings has assigned a CARE AAA; Stable rating to ₹10,000 crore Non-Convertible Debentures of LIC Housing Finance Limited. The rating reflects the company’s strong financial position and stable outlook. This assignment is a positive indicator for investors and underscores LIC Housing Finance’s creditworthiness in the market.
New Credit Rating Assigned
LIC Housing Finance Limited has received a new credit rating for its Non-Convertible Debentures. CARE Ratings Limited has assigned the rating, which impacts debentures totaling ₹10,000 crore.
Rating Details
The assigned rating is CARE AAA; Stable. This rating indicates a high degree of safety regarding timely servicing of financial obligations.
Instrument Details
The rating applies to Non-Convertible Debentures. The rating action taken by CARE is Assigned, indicating this is a new rating.
Source: BSE
