Housing & Urban Development Corporation Limited — Credit Ratings, 29-05-2026: Credit Rating- New

CARE Ratings has reaffirmed HUDCO's long-term CARE AAA (Stable) and short-term CARE A1+ ratings across various instruments like bank facilities, bonds, and commercial paper. New bonds and perpetual debt also secured CARE AAA (Stable). This reflects HUDCO's strategic importance to the GoI, strong government backing, improving asset quality (NNPA 0.05%), and robust capital adequacy (CAR 39.93%).