GIC Housing Finance Limited has informed the Exchange about Credit Rating
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GIC Housing Finance has informed the exchange that CRISIL Ratings has re-affirmed its credit ratings across multiple debt instruments. The Long Term Bank Facility of Rs. 8,100 crs retains its CRISIL AA+ rating with a Stable outlook, and the Short Term Bank Facility of Rs. 1,000 crs keeps its CRISIL A1+ rating. Non-Convertible Debentures (NCDs) of Rs. 1,030 crs (reduced from Rs. 1,355 crs) are also re-affirmed at CRISIL AA+/Stable. Additionally, CRISIL has withdrawn the rating on NCDs worth Rs. 325 crs following their redemption on maturity, while the Commercial Paper programme of Rs. 1,500 crs remains rated CRISIL A1+.
No change in credit standing — existing high-quality ratings have been maintained, which signals continued lender confidence and stable borrowing costs for the company. The maturity-based redemption of NCDs is a routine liability management event and is not expected to materially affect shareholders or the stock price.