Aavas Financiers Limited — Credit Ratings, 29-05-2025: Credit Rating

CARE Ratings has reaffirmed Aavas Financiers Limited’s credit ratings with a stable outlook across multiple instruments and assigned a new CARE AA; Stable rating for a Rs. 500 Cr Non-Convertible Debenture (NCD) issue. The reaffirmation covers existing NCDs totaling Rs. 844.11 Cr, long-term bank facilities aggregating Rs. 9,662 Cr, and commercial paper of Rs. 100 Cr at CARE A1+. This reflects Aavas’s strong operational performance, solid credit profile, and healthy liquidity. The stable ratings enhance the company’s ability to raise debt at competitive costs, supporting investor confidence and maintaining financial flexibility in dynamic market conditions.