PNB Housing Finance Limited — Credit Ratings, 07-05-2026: Credit Rating

PNB Housing Finance's long-term ratings by CARE Ratings have been upgraded to **CARE AAA; Stable** from CARE AA+; Stable. This covers various long-term instruments and bank facilities. Short-term bank facilities and Commercial Paper ratings are reaffirmed at **CARE A1+**. The upgrade reflects strong support from promoter Punjab National Bank, PNBHFL's improved asset quality, comfortable capital, and diversified funding profile.