SRG Housing Finance Limited has informed the Exchange about Credit Rating
SRGHFL · price
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SRG Housing Finance Limited (SRGHFL) announced a credit rating upgrade from Acuité Ratings & Research for its bank facilities and Non-Convertible Debentures. The rating has been revised upward from 'ACUITE BBB+ | Positive' to 'ACUITE A- | Stable'. The upgrade reflects strengthening of the company's financial and risk profile, including growth in Assets Under Management (AUM), improvement in asset quality, stable profitability, and strong capital position. The detailed rating letter is awaited and will be submitted later. SRGHFL is a National Housing Bank-registered housing finance company headquartered in Udaipur with 95 branches across 7 states, primarily serving self-employed and underserved home loan segments.
This upgrade enhances SRG Housing Finance's credibility with lenders and investors, potentially lowering its future borrowing costs and improving access to diversified funding sources. For shareholders, the improved credit profile is a positive signal supporting long-term growth, though the shift from a 'Positive' to 'Stable' outlook suggests the rating agency sees the immediate upgrade cycle as largely complete.