Intimation of Credit Rating

New Credit FacilityCredit & Debt View source PDF

SRGHFL · price

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▲ 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

+7.3%1-day move

₹293.65

prior close

₹302.10

base price

In-mkt

timing

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AI summary

SRG Housing Finance Ltd has received a fresh credit rating assignment from Acuité Ratings & Research Limited. The company has been assigned a rating of 'Acuité A-' with a 'Stable' outlook for two proposed debt instruments: Non-Convertible Debentures (NCD) of Rs. 100 crore and a Long-term Bank Loan of Rs. 300 crore. The total debt being rated amounts to Rs. 400 crore. This is an initial rating assignment, not an upgrade or downgrade, and indicates the company's ability to access debt markets at investment-grade terms.

Likely market impact

The A- stable rating is a respectable investment-grade rating for a housing finance company, enabling SRG Housing Finance to raise Rs. 400 crore in debt at competitive rates. This supports the company's growth plans and is a positive signal for lenders and investors.