Announced Tue, 30 Jun · 18:09 IST
ICRA reaffirms RHDFCL credit rating at BBB- Stable
Credit & Debt View source PDF
RELIGARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹268.90
prior close
₹270.50
base price
After-mkt
timing
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AI summary
ICRA reaffirmed its rating on Religare Enterprises step-down housing finance arm RHDFCL at BBB- Stable (long-term) and A3 (short-term) for Rs 400 crore bank lines. Positive factors include adequate capitalisation, Burman family stake rising to 30.56% in REL, and a proposed Rs 1,500 crore capital raise with about Rs 250 crore earmarked for RHDFCL. RHDFCL remains small and loss-making, reporting a net loss of Rs 18.4 crore in FY26 with muted disbursements.
Likely market impact
Stable credit view maintained for housing finance arm; no rating change this cycle. Rating stays investment grade at BBB-.