PNB Housing Finance Limited has informed the Exchange about Credit Rating
PNBHOUSING · price
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CARE Ratings has reaffirmed PNB Housing Finance's credit ratings across all instruments: long-term bank facilities, bonds, NCDs, Tier II bonds and fixed deposits at 'CARE AA+; Stable', and short-term bank facilities and commercial paper at 'CARE A1+'. The rating action covers facilities totaling over ₹75,000 crore, including long-term bank facilities of ₹15,600 crore, fixed deposits of ₹25,000 crore and commercial paper of ₹10,000 crore. CARE cited PNBHFL's strong market position as the 3rd largest HFC in India (AUM of ₹80,397 crore), improved profitability (PAT of ₹1,936 crore, RoTA of 2.5% in FY25), and comfortable capitalisation (gearing of 3.7x) as key strengths. PNB remains the largest shareholder with 28.1% stake after Carlyle's complete exit in Q1 FY26. Monitorables include the unseasoned affordable housing (Roshni) segment, rising short-term borrowings causing ALM mismatches, and asset quality as the book seasons.
The reaffirmation at AA+ with Stable outlook indicates continued strong credit quality and is positive for shareholders, as it supports the company's borrowing costs and reflects confidence in its asset quality and capital position. No rating upgrade or downgrade was triggered, signalling steady performance rather than meaningful change in fundamentals.