Housing & Urban Development Corporation Limited has informed the Exchange about Credit Rating- New
HUDCO · price
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India Ratings & Research has affirmed HUDCO's issuer rating at 'IND AAA/Stable' and assigned the same rating to INR 70,000 crore proposed bonds. All other instruments were affirmed at their existing ratings: Bank Loan Facilities (INR 130,000 crore) at 'IND AAA/Stable/A1+', Bonds (INR 40,859 crore, reduced from INR 1,02,581 crore) at 'IND AAA/Stable', GoI fully serviced bonds (INR 20,000 crore) at 'IND AAA/Stable', and Commercial Paper (INR 10,000 crore) at 'IND A1+'. The affirmation reflects HUDCO's strong financial performance in 9MFY26, including rise in net interest income, adequate liquidity, and improvement in NPAs (gross NPA improved to 1.08% from 1.67% in FY25). HUDCO is strategically important to GoI (75% stake holder) for housing and urban infrastructure financing.
The rating affirmation with stable outlook signals strong creditworthiness and government backing, which should support HUDCO's ability to raise funds at competitive rates. The improved asset quality and strong capital position (CRAR at 38.28%) are positive indicators for bondholders and investors.