Housing & Urban Development Corporation receives credit ratings for its borrowing programme for FY 2021

From CARE, ICRA and India Ratings

Housing & Urban Development Corporation announced the credit ratings assigned / affirmed by credit ratings agencies CARE, ICRA and India Ratings and Research to HUDCO's borrowing programme for FY 2020-21 as under -

(i) Long Term Borrowing Programme/Bonds of Rs. 28,000 crore (CARE AAA;Stable & IND AAA/Stable);

(ii) Long Term Borrowing Programme/Bonds of Rs. 4000 crore ([ICRA] AAA, Outlook: Stable) by ICRA;

(iii) Commercial Paper of Rs.10,000 crore (CARE A1+, [ICRA] A1+ & IND A1+)

(iv) Long Term/Short Term Bank Facilities of Rs.25000 crore (IND AAA/Stable/ IND A1+) by India Rating and Research

(v) Fixed Deposit Programme of Rs.2000 crore (IND tAAA/Stable) by India Rating and Research

 

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