Intimation of Credit Rating assigned by CARE Ratings Limited.
Awaiting price reaction for this filing.
Aavas Financiers informed stock exchanges that CARE Ratings has reviewed its credit profile on May 28, 2025. A new rating of CARE AA (Stable) was assigned to a proposed Rs 500 crore Non-Convertible Debenture. Existing ratings were reaffirmed: CARE AA (Stable) on Rs 844.11 crore NCDs (reduced from Rs 883.29 crore), CARE AA (Stable) on Rs 9,662 crore long-term bank facilities, and CARE A1+ on Rs 100 crore commercial paper. CARE AA indicates high safety with low credit risk, while A1+ is the top grade for short-term commercial paper. The reduction in outstanding NCD amounts points to partial redemption of debentures across multiple tranches.
Neutral to mildly positive — reaffirmation of strong investment-grade ratings signals continued financial health and steady borrowing costs, while the reduction in outstanding NCDs reflects ongoing debt reduction. Proposed Rs 500 crore NCD opens a new funding avenue at attractive rates.