CARE upgrades rating of Aadhar Housing Finance's NCDs, bank loans
Aadhar Housing Finance has said CARE has upgraded the rating of the company's long-term bank facility and non-convertible debentures (NCDs) by a notch.
 "In a rare move, S&P Global Ratings on Wednesday raised its outlook for India to ‘positive' from ‘stable' while affirming the lowest investment grade sovereign credit rating (BBB-) ahead of the general election results due on June 4.")
The rating agency has improved rating to CARE AA+ from CARE AA, Aadhar Housing Finance said in a statement on Tuesday. | Representative Picture
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Aadhar Housing Finance has said CARE has upgraded the rating of the company's long-term bank facility and non-convertible debentures (NCDs) by a notch.
The rating agency has improved rating to CARE AA+ from CARE AA, Aadhar Housing Finance said in a statement on Tuesday.
The outlook has been kept stable, it said.
For the fourth quarter ended March 2025, Aadhar Housing Finance reported a 21 per cent rise in net profit to Rs 245 crore as against Rs 202 crore in the same quarter a year ago.
Total income during the quarter under review rose to Rs 834 crore from Rs 692 crore in the year-ago period.
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First Published: Jul 01 2025 | 3:26 PM IST