Housing & Urban Development Corporation Limited has informed the Exchange about Credit Rating- By CARE Ratings
HUDCO · price
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CARE Ratings has assigned and reaffirmed HUDCO's credit rating at CARE AAA; Stable for long-term instruments and CARE A1+ for short-term instruments. The rating rationale highlights HUDCO's strategic importance to the Government of India, which holds a 75% stake. The bank facilities limit was enhanced from ₹80,000 crore to ₹1,10,000 crore. New bonds of ₹66,500 crore and perpetual debt of ₹3,500 crore were assigned AAA ratings. Some existing bonds were reduced or redeemed, indicating scheduled debt repayments. HUDCO reported strong FY26 financials with PAT of ₹4,034 crore, 29% AUM growth to ₹1,60,724 crore, and improved asset quality with NNPA at just 0.05%. Capital adequacy remains robust at 39.93%.
The AAA rating reaffirmation with stable outlook indicates very low credit risk. HUDCO continues to be viewed as a quasi-sovereign entity with strong government backing, which should support its ability to raise funds at competitive rates. The enhanced bank facility limit and new bond assignments reflect growing borrowing needs to support the company's expanding loan book.