Housing & Urban Development Corporation Limited has informed the Exchange about Credit Rating
HUDCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Midcap 150 and 0.4 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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 The fixed deposit programme rating was withdrawn at HUDCO's request.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.