Housing & Urban Development Corporation Limited has informed the Exchange about Credit Rating
HUDCO · price
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ICRA has assigned and reaffirmed HUDCO's credit ratings at [ICRA]AAA (Stable) for long-term instruments and [ICRA]A1+ for short-term instruments. The total rated amount increased from Rs. 2,47,775 crore to Rs. 3,44,775 crore. Key changes include a newly assigned Rs. 70,000 crore long-term borrowing programme for FY2027 and enhanced fund-based/non-fund based facilities from Rs. 1,30,000 crore to Rs. 1,60,000 crore. One Rs. 3,000 crore borrowing programme was reaffirmed and withdrawn (no outstanding amount). The ratings derive strength from HUDCO's 75% Government of India ownership, its strategic role as a nodal agency for social housing and urban infrastructure, comfortable asset quality (gross stage 3 at 1.08% as of December 31, 2025, improved from 1.67%), adequate profitability (PAT of Rs. 2,053 crore in 9M FY2026), and healthy capitalisation (CRAR at 38%).
The reaffirmation of AAA (Stable) rating with stable outlook is positive for investors as it confirms HUDCO's strong credit profile backed by sovereign ownership and government support. Enhanced rated amounts will support the company's future borrowing plans and financing capacity.