Armed with Crisil's AAA rating, NHB to raise Rs 4,000 cr via NCDs

The National Housing Bank (NHB), a housing sector refinancing body, plans to raise up to Rs 4,000 crore through non-convertible debentures (NCDs).

The NHB has robust asset quality and healthy capitalisation. But, these strengths are partially offset by an average earnings profile, given the institution's developmental role in the housing finance sector, CRISIL said in a statement.

The rating agency has assigned a ‘AAA/Stable’ rating to the non-convertible debentures of the NHB. It has also reaffirmed its ratings on the existing debt instruments and bank facilities at ‘AAA/FAAA/Stable/CRISIL A1+’.

The ratings continue to reflect the support the NHB