PNB Housing Finance Limited — Credit Ratings, 17-11-2025: Credit Rating

PNB Housing Finance's NCDs and Bank Loans were upgraded by India Ratings to 'IND AAA/Stable' from 'IND AA+/Stable'. This boost reflects expected timely support from parent PNB, plus PNBHF's improving financials, asset quality, and diversified loan book. India Ratings also assigned an 'IND AAA/Stable' rating to additional NCDs worth INR 1,500 Cr.