Aavas Financiers Limited has informed the Exchange about Credit Rating
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Aavas Financiers has informed the exchanges that ICRA has confirmed its final credit rating of [ICRA]AAA(SO) (highest investment grade) for Series A1 pass-through certificates (PTCs) worth Rs. 495.61 crore. These PTCs were issued by Prime Home Loan Trust V, a special purpose vehicle (SPV) set up for a mortgage-backed securities (MBS) transaction backed by a pool of home loan receivables originated by Aavas. This is a confirmation of the provisional rating given on March 21, 2026, after the trustee confirmed compliance with all conditions. AAA(SO) rating indicates very high credit quality, with the (SO) suffix meaning the rating is backed by the structured nature of the deal rather than the issuer alone.
This is a routine, positive development for shareholders. Aavas has successfully raised around Rs. 496 crore through a securitisation deal backed by its home loan portfolio, and the top-tier AAA rating reflects the strong quality of its loan assets. It supports the company's ability to raise funds at competitive rates and signals healthy investor confidence in Aavas's home loan book.