Housing & Urban Development Corporation Limited has informed the Exchange about Credit Rating
HUDCO · price
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CARE Ratings has reaffirmed HUDCO's credit rating at CARE AAA; Stable for long-term instruments and CARE A1+ for short-term commercial paper, across all existing bond series and bank facilities. The long-term/short-term bank facility limit was enhanced from ₹50,000 crore to ₹80,000 crore and reaffirmed. A new rating was assigned for proposed FY25-26 bonds of ₹42,199 crore at CARE AAA; Stable. The fixed deposit programme rating was withdrawn at HUDCO's request. The rationale cites strong government of India support (75% ownership), healthy AUM growth of ~41% YoY to ₹1,18,931 crore as of December 2024, improved asset quality with net NPA at 0.3%, and stable profitability.
The reaffirmation of the highest AAA rating with a Stable outlook reflects strong creditworthiness and continued government backing, which is positive for shareholders. The significant expansion of bank facility limits (₹30,000 crore increase) and new ₹42,199 crore bond program signal strong borrowing capacity for future growth in infrastructure financing.