Moody's affirms HUDCO's Baa3 rating with stable outlook
HUDCO · price
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Moody's affirmed HUDCO's Baa3 international rating with a Stable outlook, matching India's sovereign rating. The rating reflects expected strong government support given 75% government ownership and its policy role in housing. Key positives: problem loans dropped to 1.0% from 3.4% by March 2023, capital adequacy at 39.4%, and around 99% lending to government projects. Total assets about INR 1.7 trillion as of March 2026.
Affirmation signals stable credit profile and continued support; rating tracks India's sovereign rating, limiting independent upside or downside.