Care Ratings reaffirms Can Fin Homes at CARE AAA with stable outlook
CANFINHOME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 1.4 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Care Ratings has reaffirmed Can Fin Homes credit ratings on all borrowing instruments. Long-term bank facilities of Rs 12,000 crore and non-convertible debentures of Rs 14,740 crore retain the highest CARE AAA grade with stable outlook. Tier-II bonds of Rs 200 crore also rated CARE AAA; Stable. Commercial paper of Rs 4,500 crore rated CARE A1+, the top short-term grade. Total rated debt stands at about Rs 31,440 crore, reflecting strong financial health and minimal default risk on borrowings.
Highest credit rating reaffirmed with stable outlook signals strong financial health, low borrowing costs, and is supportive for the stock.