Aavas Financiers Limited has informed the Exchange about Credit Rating
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Aavas Financiers has received a provisional credit rating of [ICRA]AAA(SO) from ICRA Limited for Series A1 Pass-Through Certificates (PTCs) worth Rs. 495.61 crore. These PTCs will be issued by Prime Home Loan Trust V, a special purpose vehicle set up under a mortgage-backed securities (MBS) transaction originated by Aavas, backed by a pool of home loan receivables. AAA(SO) is the highest investment-grade rating, indicating the lowest credit risk. This is a new provisional rating (not an upgrade or downgrade) tied to a securitisation transaction that allows Aavas to convert its home loan portfolio into tradable securities and raise fresh funds.
This is a positive development for shareholders — Aavas has secured top-tier credit quality recognition for raising Rs. 495.61 crore through securitisation, which helps the company unlock liquidity from its loan book, reduce reliance on bank borrowings, and support further lending growth. Securitisation at AAA rating typically attracts strong investor demand at competitive rates.