Housing & Urban Development Corporation Limited — Credit Ratings, 12-02-2026: Credit Rating

Fitch Ratings affirmed HUDCO's Long-Term Issuer Default Ratings and its 5,000 Cr Medium-Term Note program at 'BBB-' with a 'Stable' outlook. This reaffirmation is driven by strong government support for HUDCO's crucial housing and urban development role. While financials show robust performance and improved asset quality, the agency noted rising debt of 130,000 Cr and moderating capital ratios as key factors.