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ICRA has upgraded Home First Finance Company India Limited’s long-term credit rating to [ICRA] AA (Stable) from [ICRA] AA- (Stable) and increased the rated amount to Rs. 5,300 Cr from Rs. 4,500 Cr, while reaffirming the short-term commercial paper rating at [ICRA] A1+. The rating upgrade reflects the company’s strong track record, stable asset quality, solid earnings, and improved capitalization supporting medium-term growth. This move is expected to reduce borrowing costs and enhance investor confidence, providing HomeFirst greater financial flexibility for expanding its affordable housing finance portfolio.
All announcements from Home First Finance Company India Limited