Housing & Urban Development Corporation (HUDCO) announced that Fitch Ratings - has affirmed the ratings of HUDCO at BBB- level (i.e., at the sovereign level). At the same time, Fitch Ratings has revised the outlook of HUDCO to 'Stable' from 'Negative'. The rating action follows the change in outlook of Govt. of India rating to 'Stable' from Negative' on 10 June 2022.
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