Aavas Financiers Limited has informed the Exchange about Credit Rating
AAVAS · price
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Aavas Financiers' credit rating at CARE AA (Double A) while revising the outlook from Stable to Positive. The revision covers Rs. 9,662 crore of long-term bank facilities and Rs. 1,339.11 crore of non-convertible debentures (NCDs). The rating action was taken after CARE reviewed the company's operational and financial performance for FY25 (audited) and Q1FY26 (unaudited). This is a positive credit signal indicating CARE's improved confidence in Aavas's near-term business and repayment ability.
Positive for shareholders and bondholders — a Stable-to-Positive outlook upgrade suggests CARE sees room for further improvement in Aavas's credit profile, which can translate into better borrowing terms and reflects confidence in the housing finance company's financial performance.