24
Sep
Aadhar Housing Finance Limited has received an upgrade in its credit rating from ICRA, with the rating agency raising the company’s rating on debt instruments and bank facilities to ‘ICRA AA+/Stable’ from ‘ICRA AA/Positive’. The upgrade makes ICRA the third rating agency to assign an AA+ rating to Aadhar, following CARE Ratings and India Ratings. The company said it is now the only housing finance company to have AA+ ratings from all three agencies on a standalone basis. ICRA attributed the upgrade to Aadhar’s established position in affordable and low-income housing finance, strong capitalisation, healthy earnings profile and comfortable asset…
