Aadhar Housing Finance Limited — Credit Ratings, 04-06-2025: Credit Rating

ICRA has reaffirmed Aadhar Housing Finance Limited’s [ICRA]AA rating on its non-convertible debentures (Rs. 2325.23 Cr), subordinated debt (Rs. 60 Cr), and long-term bank facilities (Rs. 1250 Cr), while revising the outlook from Stable to Positive. The commercial paper rating of [ICRA]A1+ at Rs. 600 Cr remains unchanged. The outlook upgrade reflects improved credit profile supported by stronger financial health, better liquidity, and manageable debt levels. This positive shift is expected to boost investor confidence and may lower borrowing costs, enhancing the company’s strategic flexibility in raising funds.