India Shelter Finance Corporation Limited — Credit Ratings, 30-06-2025: Credit Rating- Others

ICRA has reaffirmed India Shelter Finance Corporation Limited’s rating at [ICRA] AA- with a stable outlook, while assigning this rating to an enhanced long-term fund-based term loan limit increased from Rs 2,000 Cr to Rs 3,000 Cr. Additionally, the rating for the NCD programme of Rs 120 Cr has been reaffirmed, and the rating for the Rs 30 Cr NCD programme has been withdrawn. The reaffirmation reflects the company’s stable credit profile supported by sound financial health and adequate liquidity. This rating action is likely to help maintain the company’s cost of borrowing at competitive levels and sustain investor confidence, preserving its financial flexibility for future funding needs.