HUDCO · price
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ICRA Limited has reaffirmed HUDCO's highest AAA (Stable) credit rating across all its borrowing programmes and commercial paper. A new Rs. 70,000 crore long-term borrowing programme for FY2027 has been assigned the same AAA (Stable) rating. The total rated amount has increased from Rs. 2,47,775 crore to Rs. 3,44,775 crore, with bank facilities enhanced from Rs. 1,30,000 crore to Rs. 1,60,000 crore. The ratings continue to be supported by HUDCO's 75% government ownership, strategic role as a nodal agency for housing and urban infrastructure, and strong asset quality with gross stage 3 assets at 1.08% as of December 2025. One Rs. 3,000 crore borrowing programme was reaffirmed and withdrawn as it had no outstanding amount.
The reaffirmed AAA rating with stable outlook signals extremely low credit risk for HUDCO's debt instruments, which is positive for investors holding or considering HUDCO bonds and commercial paper. The enhanced borrowing limits indicate the company's continued ability to access capital markets at favourable terms.