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Housing & Urban Development Corp. Ltd. ( (IN:HUDCO) ) has provided an announcement.
Moody’s Ratings, Singapore has affirmed HUDCO’s credit rating at ‘Baa3’ with a stable outlook, aligning it with India’s sovereign rating. This affirmation reflects the high level of government support HUDCO enjoys, which helps mitigate asset risks and maintain profitability despite a declining capital ratio amid high loan growth. The stable outlook indicates confidence in HUDCO’s ability to manage risks associated with its operations, supported by state government guarantees on most loans and strong access to funding from banks and bond markets.
More about Housing & Urban Development Corp. Ltd.
Housing & Urban Development Corporation Limited (HUDCO) operates in the financial services industry, focusing on providing loans for housing and urban infrastructure projects. The company plays a significant role in implementing key government policies related to housing and urban development, with strong linkages to the government, which holds a 75% ownership stake.
Average Trading Volume: 322,147
Technical Sentiment Signal: Strong Buy
Current Market Cap: 465.4B INR
Learn more about HUDCO stock on TipRanks’ Stock Analysis page.