Crisil assigns 'AA+' rtg to GIC Housing Finance's NCDs with stable outlook
This story was originally published at 12:54 IST on 19 September 2026
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MUMBAI – Crisil Ratings Ltd. assigned an 'AA+' rating to GIC Housing Finance Ltd.'s non-convertible debentures aggregating to INR 5 billion and reaffirmed the same rating on existing NCDs worth INR 5 billion and INR 4.3 billion, the housing finance company said in a filing to the exchanges Saturday. All three NCD ratings carry a stable outlook.
The rating agency also reaffirmed its 'AA+' rating with a stable outlook on the Mumbai-based housing financier's long-term bank facilities worth INR 81 billion. Crisil Ratings reaffirmed the company's 'A1+' rating on short-term bank facilities worth INR 10 billion.
Crisil Ratings has withdrawn its rating on INR 6 billion of NCDs on receipt of an independent confirmation that these instruments have been redeemed fully. The withdrawal is in line with the Crisil Ratings' policy for withdrawal of rating, the report said.
On Friday, the company's shares ended at INR 139.35 apiece on the National Stock Exchange, up 2.5%. End
Reported by Meera Nair
Edited by Avishek Dutta
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