Credit rating agency ICRA, an Affiliate of Moody s, has upgraded the credit rating on the long-term debt programme of Sammaan Capital Limited (the Company) to ICRA AA+/Stable . The rating has been removed from Rating Watch with Developing Implications .ICRA, in upgrading the ratings of the Company, has, inter alia, taken note of the following factors: Strategic importance of SCL to IHC, and the expectation of strong managerial, operational and financial support from IHC, both on an ongoing basis and in the event of distress Significant strengthening of the Company s capital position following the equity infusion from IHC Comfortable asset quality and presence in the retail mortgage finance marketFor detail refer attached PDF.
SAMMAANCAP · price
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On the reaction day the stock moved 7.1 pts more than Nifty Smallcap 250 and 7.8 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Credit rating agency ICRA has upgraded Sammaan Capital Limited's long-term debt rating to 'ICRA AA+/Stable', removing it from 'Rating Watch with Developing Implications'. This completes a full upgrade cycle by all three domestic rating agencies within 50 days of IHC's equity infusion on March 31, 2026. CRISIL upgraded to 'AA+/Stable' on April 9, CARE Ratings on May 12, and now ICRA on May 20. ICRA cited SCL's strategic importance to IHC and expected strong support, significant capital strengthening post equity infusion, and comfortable asset quality in retail mortgage finance as key factors. The rating upgrades have already improved the company's cost of funds, enabling better pricing and accelerated disbursements.
Positive for shareholders — the upgrade cycle signals lower borrowing costs, stronger financial position, and potential upward movement in international ratings. The company's competitive positioning in the retail mortgage market should strengthen.