Intimation of Credit Rating.
Awaiting price reaction for this filing.
Aavas Financiers Limited has had its credit rating reaffirmed by CARE Ratings Limited at 'CARE AA' with a Stable outlook. The reaffirmation covers Rs. 9,662 crore in long-term bank facilities and Rs. 1,344.11 crore in non-convertible debentures (NCDs) across multiple ISINs. The rating review was based on the company's FY25 audited operational and financial performance. Separately, CARE Ratings withdrew the rating for a proposed Rs. 100 crore commercial paper issue at the company's own request. No change in the rating level or outlook was made — only a continuation of the existing rating.
The 'AA' rating with a Stable outlook signals strong creditworthiness and low default risk for lenders and NCD holders, helping Aavas maintain competitive borrowing costs. With no negative rating action and a stable outlook, investors should view this as a neutral-to-positive confirmation of the company's financial health based on FY25 results.