PNB Housing Finance Limited — Credit Ratings, 20-08-2026: Credit Rating

India Ratings (Ind-Ra) assigned an 'IND AAA'/Stable rating to PNB Housing's additional Non-Convertible Debentures worth ₹1,500 Cr. It also reaffirmed 'IND AAA'/Stable ratings for existing NCDs totaling ₹4,455 Cr and bank loan facilities of ₹11,500 Cr. This reflects expected support from PNB, strong market position, and consistent financial improvement. Outlook remains Stable.