Home First Finance Company India Limited has informed the Exchange about Credit Rating upgrade to CARE AA; Stable from CARE AA-; Stable by CARE Ratings Limited
HOMEFIRST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Home First Finance Company India Limited has received a credit rating upgrade from CARE Ratings Limited. The long-term bank facility rating has been revised upward from CARE AA-; Stable to CARE AA; Stable. The upgrade covers long-term bank facilities totalling Rs. 1,014.04 crore spread across lenders like Axis Bank, ICICI Bank, Kotak Mahindra, Bajaj Finance, and DCB Bank. The rating action is based on CARE's review of the company's operational and financial performance for FY25 (Audited). The improved rating places the company in a stronger credit category, reflecting better perceived creditworthiness.
This rating upgrade signals improved financial health and lower perceived credit risk, which may help the company borrow at more favourable interest rates. For shareholders, it is a positive indicator of the company's growing financial strength and stability.