HUDCO receives reaffirmation in credit ratings from ICRA

Housing & Urban Development Corporation announced that ICRA has reaffirmed the surveillance credit rating of HUDCO for the financial year 2020-21, as per the details mentioned below:

Long Term Instruments (Rs 61540 crore) - ICRA AAA;Stable (Reaffirmed)
Commercial Paper issue (Rs 10,000 crore) - ICRA A1+ (Reaffirmed)
Long Term/Short Term Bank Facilities including non-fund based facilities (Rs 25,000 crore) - ICRA AAA; Stable/ ICRA A1+ (Reaffirmed)
Fixed Deposit Programme (Rs 2000 crore) - MAAA; Stable (Reaffirmed)

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