Housing & Urban Development Corporation Limited — Credit Ratings, 16-04-2026: Credit Rating- New

India Ratings & Research affirmed HUDCO's 'IND AAA/Stable' rating for its Issuer, existing Bonds, and Bank Loan Facilities, while assigning the same 'IND AAA/Stable' to ₹70,000 Cr proposed bonds. Commercial Paper ratings were reaffirmed at 'IND A1+'. This stable outlook stems from HUDCO's strong 9MFY26 financials, robust liquidity, improved asset quality, and its strategic importance with significant government backing for housing and urban projects.