Sammaan Capital Limited (formerly Indiabulls Housing Finance) announced that Moody’s has upgraded its long-term corporate rating from B2 to B1 with a Positive Outlook. This upgrade follows the receipt of final approvals for the Proposed Transaction involving an equity issue to Avenir Investment RSC Ltd. Moody’s cited expected improvements in asset quality, capital enhancement, and better funding access as key drivers for the revised rating, signaling strong underlying business strength.
Credit Rating Milestone Achieved
Sammaan Capital Limited has received a significant positive development from the international credit rating agency, Moody’s. Effective immediately, Moody’s has upgraded the Company’s long-term corporate family rating to B1 from B2, accompanied by a Positive Outlook.
Impact of Proposed Transaction
This rating enhancement was preceded by the Company securing necessary final approvals from the Securities and Exchange Board of India (SEBI) for the Preferential Issue of Equity shares and warrants. This issue is directed towards Avenir Investment RSC Ltd, which is controlled by International Holding Company PJSC. The Company is now focused on concluding this Proposed Transaction at the earliest opportunity.
Supporting Factors for Upgrade
In their rationale for the upgrade, Moody’s specifically highlighted several key areas of improvement that are supporting the enhanced rating. These include:
- Improvement in asset quality.
- Expected enhancement of the Company’s capital structure.
- Expected improvement in funding access and liquidity, which supports future growth plans.
Furthermore, Moody’s also upgraded Sammaan Capital’s foreign and local currency senior secured medium-term note (MTN) program ratings to (P)B1 with a Positive Outlook, up from (P)B2. The Company’s ratings had already been under review for an upgrade since October 2025.
Future Outlook and Rating Trajectory
With the rating set on a Positive Outlook, the Company is committed to further engagement with its credit rating agencies post-conclusion of the Proposed Transaction and the official induction of IHC as its promoter. The goal of this engagement is to work towards a further upgrade in ratings.
The information, dated March 28, 2026, has been duly submitted to both the BSE Limited and the National Stock Exchange of India Limited.
Source: BSE
