India Shelter Finance Corporation Limited has informed the Exchange about Credit Rating- Others
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ICRA Limited has re-affirmed the [ICRA] AA-(Stable) rating for India Shelter Finance Corporation across its Long Term Fund Based-Term Loan and NCD programmes. The long-term fund-based term loan facility was enhanced from Rs. 2,000 crore to Rs. 3,000 crore, with the rating assigned to the enhanced amount. A Rs. 120 crore NCD programme was re-affirmed, while a separate Rs. 30 crore NCD programme was re-affirmed and withdrawn. The total rated amount increased from Rs. 2,150 crore to Rs. 3,120 crore.
The re-affirmation of the AA-(Stable) rating reflects strong creditworthiness and continued lender confidence in the company. The Rs. 1,000 crore enhancement in the term loan facility provides additional growth capital, which is a positive signal for business expansion and shareholder value.