India Shelter Finance Corporation Limited — Credit Ratings, 26-02-2026: Credit Rating

ICRA has reaffirmed and upgraded the credit ratings for India Shelter Finance Corporation's Pass Through Certificates (PTCs). One series of PTCs (RAFAEL 08 2021) was reaffirmed at [ICRA]AAA(SO). Multiple other PTC series (RAFAEL 08 2021, GHAR 09 2022) saw upgrades from [ICRA]A+(SO) or [ICRA]AA(SO) to [ICRA]AA-(SO) or [ICRA]AA+(SO).