CARE Ratings Upgrades Aadhar Housing Finance's Debt Instruments To 'AA+'

CARE Ratings has upgraded Aadhar Housing Finance Ltd.'s rating on non-convertible debentures, subordinated debt and fixed deposits to 'AA+' from 'AA', while maintaining a stable outlook, the company said in an exchange filing on Saturday. 

The revised rating covers facilities worth ₹19.28 billion, including subordinated debt of ₹600 million and fixed deposits of ₹20 million.
Earlier this month, ICRA had also revised its outlook on the company's ₹23.25 billion worth of NCDs and ₹600 million of subordinated debt to positive from stable.