PNB Housing Finance Limited has informed the Exchange about Credit Rating
PNBHOUSING · price
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed PNB Housing Finance's credit ratings across all debt instruments and bank facilities. Long-term debt instruments and bank facilities retain 'CARE AA+; Stable' rating, while short-term bank facilities and commercial paper hold 'CARE A1+'. The reaffirmation is supported by improved profitability (FY25 net profit of ₹1,936 crore, up from ₹1,508 crore in FY24), comfortable capitalisation with gearing of 3.7x, and a diversified borrowing profile. Asset quality has improved with GNPA falling to 1.06% as of June 30, 2025. The company is India's third-largest HFC with AUM of ₹82,100 crore, and Punjab National Bank remains the largest shareholder at 28.1% after Carlyle's complete exit in Q1FY26.
The rating reaffirmation at AA+ with Stable outlook signals continued creditworthiness and stable borrowing costs for the company. For shareholders, this is a neutral-to-positive signal confirming financial health without any upgrade or downgrade triggers.