CareEdge Ups Home First Finance’s Long-Term Rating TO 'AA' With Stable Outlook

CareEdge Ratings has upgraded the long-term credit rating of Home First Finance Co. India Ltd. to 'AA' with a stable outlook from 'AA-' with a stable outlook, the company said in a filing Tuesday.

The upgraded rating covers facilities worth ₹10.14 billion, including ₹2.44 billion in proposed term loans. It also covers borrowings from Axis Bank (₹2.73 billion) and ICICI Bank (₹2.26 billion).

Last month, ICRA had also upgraded the company's rating to 'AA' with a stable outlook.