CARE Ratings Reaffirms "AAA" Status for HUDCO; Financial Profile Remains Robust

NEW DELHI – Housing and Urban Development Corporation Limited (HUDCO) has received a significant vote of confidence from CARE Ratings Limited, which reaffirmed its 'CARE AAA; Stable' rating across its bonds, bank facilities, and perpetual debt. The rating reaffirmation, announced on January 15, 2026, highlights the company’s strategic importance to the Government of India and its exceptional financial health.

Breakdown of Reaffirmed Ratings

The ratings cover a broad spectrum of HUDCO's financial instruments, ensuring its ability to raise capital at competitive rates:

• Bank Facilities (₹80,000 Crore): CARE AAA; Stable / CARE A1+
• Bonds (Over ₹42,000 Crore): CARE AAA; Stable
• Perpetual Debt (₹4,000 Crore): CARE AAA; Stable
• Commercial Paper (₹10,000 Crore): CARE A1+

H1 FY2025-26: Key Performance Metrics

The reaffirmation is backed by HUDCO’s stellar performance in the first half of the 2025-26 fiscal year. The company has seen aggressive growth in its loan book while maintaining industry-leading asset quality.