GIC Housing Finance Limited has informed the Exchange about Credit Rating
GICHSGFIN · price
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Awaiting price reaction for this filing.
GIC Housing Finance has received a credit rating re-affirmation from ICRA for all its debt instruments. The company's Rs. 9,000 crore long-term bank facility and Rs. 1,030 crore Non-Convertible Debentures (NCDs) have been re-affirmed at ICRA AA+ with a Stable outlook. Its Rs. 1,000 crore short-term bank facility and Rs. 1,500 crore commercial paper programme have been re-affirmed at ICRA A1+, the highest short-term rating. The NCD amount was reduced from Rs. 1,355 crores to Rs. 1,030 crores because Rs. 325 crores worth of NCDs matured and were redeemed on schedule. All ratings were verified as of August 18, 2025.
This is a neutral-to-positive signal for shareholders. The re-affirmation of AA+ rating with Stable outlook confirms that GIC Housing Finance remains financially healthy with strong capacity to meet debt obligations. The orderly redemption of maturing NCDs also reflects disciplined debt management.