Fitch affirms HUDCO's long-term rating at BBB-, outlook stable
This story was originally published at 14:40 IST on 12 February 2026
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MUMBAI – Fitch Ratings has affirmed Housing and Urban Development Corp. Ltd.'s long-term foreign-and local-currency issuer default ratings at 'BBB-', with a stable outlook. Fitch also affirmed a 'BBB-' rating on HUDCO's INR-50-billion medium-term note programme.
"HUDCO's IDR (issuer default rating) reflects the government's significant responsibility and incentive to provide financial support, given the entity's key policy role to support the government's housing and urban development priorities aligned with national social and development policies," Fitch said Wednesday.
HUDCO reported a net profit of INR 7.13 billion for the December quarter, down 3% on year. At 1414 IST, shares of the company were up 3.4% at INR 199.76 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shubham Rana
Edited by Tanima Banerjee
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