India Shelter Finance Corporation Limited has informed the Exchange about Credit Rating- Others
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India Shelter Finance Corporation has informed exchanges that CARE Ratings has re-affirmed its long-term bank facilities rating at CARE AA-(Stable). The rated amount has increased from Rs. 1,335 crore to Rs. 2,000 crore, indicating a Rs. 665 crore expansion in the company's borrowing capacity. The rating action was a re-affirmation, meaning the credit quality assessment remains unchanged. CARE AA- with Stable outlook is a high investment-grade rating, signalling strong financial health and low default risk.
Shareholders can take comfort that the company retains its strong AA- credit rating with a Stable outlook, supporting continued access to affordable funding. The increase in rated facility size to Rs. 2,000 crore suggests expected growth in lending operations, which could translate into higher future revenues.