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India Shelter Finance Corp. Ltd. ( (IN:INDIASHLTR) ) has issued an update.
India Shelter Finance Corporation Limited announced that India Ratings and Research has affirmed an IND AA-/Stable rating on existing bank loan facilities of Rs 10,000 million and assigned the same rating and outlook to an additional Rs 10,000 million in bank loan facilities. The reaffirmation and extension of the AA- rating underscore the company’s strong credit profile, supporting its ability to access bank funding on favorable terms and potentially enhancing its competitive position in the housing finance market.
The rating actions may reassure lenders and investors about the company’s financial stability and risk profile, reinforcing confidence in its borrowing program and growth plans. By maintaining a stable outlook on a sizable aggregate of bank facilities, the rating agency signals expectations of steady performance, which could help India Shelter Finance secure cost-efficient funding and sustain loan book expansion in a competitive sector.
More about India Shelter Finance Corp. Ltd.
India Shelter Finance Corporation Limited is a housing finance company based in Gurgaon, Haryana, focused on providing retail housing loans and related credit facilities in India. The company operates in the financial services sector, catering primarily to home loan borrowers through bank-funded credit lines and capital markets access.
Average Trading Volume: 22,428
Technical Sentiment Signal: Strong Sell
Current Market Cap: 74.86B INR
See more insights into INDIASHLTR stock on TipRanks’ Stock Analysis page.