ICRA, an Affiliate of Moody''s, upgrade Sammaan Capital Limited to AA+. All three domestic rating agencies complete upgrade cycle within 50 days of IHC''s investment. Refer attached ....
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ICRA, an affiliate of Moody's, has upgraded Sammaan Capital Limited's long-term debt programme 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 — CRISIL upgraded on April 9, CARE on May 12, and now ICRA on May 20, 2026 — within just 50 days of IHC's equity investment on March 31, 2026. ICRA cited the company's strategic importance to IHC, expected strong ongoing financial and operational support, significant capital position strengthening post-infusion, and comfortable asset quality in the retail mortgage market. The rating upgrades have already begun reducing the company's cost of funds, positioning it to accelerate disbursals and expand into a wider, more competitively priced market.
The unanimous upgrade to AA+ by all three domestic rating agencies signals strong institutional backing and improved financial health, which should lower borrowing costs and boost investor confidence, making the stock more attractive.