India Shelter Finance Achieves Significant Credit Rating Upgrade

India Shelter Finance Corporation Limited announced that ICRA Limited has upgraded its credit ratings. The company's Non-Convertible Debentures (NCD) and term loans rating rose to [ICRA]AA- (Stable) from [ICRA]A+ (Positive). This upgrade highlights their strong financial performance and commitment to affordable housing.

India Shelter Finance Corporation Limited, a premier housing finance company, has announced a credit rating upgrade from ICRA Limited. The company's Non-Convertible Debentures (NCD) program and term loans have been upgraded to [ICRA]AA- (Stable) from [ICRA]A+ (Positive), marking a significant milestone.

Rupinder Singh, MD & CEO, expressed delight with the upgraded ratings, emphasizing the company's strong financial foundation and strategic focus. This development underscores India's Shelter's commitment to expanding access to affordable housing across the nation, especially in Tier II and III cities.

The revised [ICRA]AA- (Stable) rating reflects the high degree of safety regarding timely financial obligations and highlights the company's sound financial management practices. India Shelter remains dedicated to making affordable housing finance accessible, contributing to national housing goals, and delivering sustained growth.

(With inputs from agencies.)