Housing & Urban Development Corporation Limited has informed the Exchange about Credit Rating
HUDCO · price
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ICRA has reaffirmed HUDCO's credit rating at [ICRA]AAA (Stable) for long-term borrowings and [ICRA]A1+ for commercial paper, with a Stable outlook maintained. The total rated amount has been significantly enhanced from Rs. 1,29,810 crore to Rs. 2,47,775 crore. A new long-term borrowing programme for FY2026 of Rs. 65,000 crore has been assigned AAA rating, and the long-term/short-term fund-based/non-fund based facility has been enhanced from Rs. 50,000 crore to Rs. 1,30,000 crore. The rating reflects HUDCO's strong 75% Government of India ownership, its strategic role as a nodal agency for housing and urban infrastructure, healthy capital adequacy (CRAR of 47%), and improving asset quality with gross stage 3 assets declining to 1.7% from 2.7% in FY2025. HUDCO reported a PAT of Rs. 2,709 crore in FY2025, up from Rs. 2,117 crore in FY2024.
The reaffirmed AAA rating and enhanced borrowing limit of Rs. 2.48 lakh crore signal continued strong creditworthiness backed by sovereign ownership, likely enabling HUDCO to raise funds at competitive rates to support its planned 18-22% loan book CAGR growth. Shareholders can take comfort in the improving asset quality and stable outlook.