Housing & Urban Development Corporation Limited — Credit Ratings, 13-05-2026: Credit Rating

ICRA has reaffirmed HUDCO's long-term credit ratings at [ICRA]AAA (Stable) and short-term at [ICRA]A1+ for its various borrowing, fixed deposit, and commercial paper programmes. The total rated amount has increased to ₹3,44,775 Cr from ₹2,47,775 Cr. This reflects HUDCO's 75% GoI ownership, strategic role in housing/urban infrastructure, strong capitalisation, and low credit risk from government-backed projects.