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Acuite Ratings assigned 'ACUITE AAA' (Stable) to HUDCO's Rs 4500 Cr Perpetual Additional Tier I Bonds. This reflects strong government ownership, HUDCO's strategic role in housing & urban development, improved financials with rising PAT, growing Assets Under Management (AUM), and enhanced asset quality. A robust rating for a key infrastructure financier.
All announcements from Housing & Urban Development Corporation Limited