Intimation of Credit rating
Awaiting price reaction for this filing.
Aadhar Housing Finance Limited has received a credit rating upgrade from CARE Ratings for its long-term bank facilities. The rating has been revised upward from CARE AA (Stable) to CARE AA+ (Stable), reflecting improved creditworthiness. The total rated amount has also been enhanced from Rs. 13,951.07 crore to Rs. 16,071.57 crore, an increase of over Rs. 2,100 crore. The upgrade follows CARE's review of the company's operational and financial performance for FY25 (Audited). The rated facilities include long-term fund-based limits from multiple banks (SBI, Bank of Baroda, Indian Bank, NHB, etc.), short-term facilities of Rs. 341 crore, and proposed facilities of Rs. 3,293.80 crore.
This is a positive development for shareholders — a one-notch upgrade to AA+ (Stable) signals stronger financial health and lower default risk, which can lower the company's borrowing costs and boost investor confidence in the stock. The simultaneous expansion of credit limits also indicates greater lender confidence and improved access to funding for business growth.