Aptus Value Housing Finance India Limited has informed the Exchange about Credit Rating upgrade to CARE AA; Stable from CARE AA-; Positive by CARE Ratings Limited
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CARE Ratings has upgraded Aptus Value Housing Finance India's credit rating to CARE AA (Stable) from the earlier CARE AA- (Positive). The upgrade covers long-term bank facilities of Rs 2,100 crore and non-convertible debentures totalling Rs 1,065 crore across six series, aggregating Rs 3,165 crore. CARE communicated the revised rating to the company via letter dated June 27, 2025, and the intimation was filed with the exchanges on June 28, 2025.
The upgrade from AA- to AA reflects improved creditworthiness, which could lower the company's future borrowing costs and enhance investor confidence. While the rating itself improved, the outlook shifted from 'Positive' to 'Stable,' suggesting CARE sees less room for further near-term upgrades but views the current rating as well-supported.