ICRA Revises Aadhar Housing Finance's Rating Outlook To Positive

ICRA has revised the long-term rating outlook of Aadhar Housing Finance Ltd. to positive from stable, while maintaining the rating at ‘AA’, the company said in an exchange filing on Wednesday.

The outlook upgrade applies to the company’s ₹23.25 billion worth of non-convertible debentures and ₹600 million of subordinated debt. ICRA also reaffirmed the ‘A1+’ rating on its ₹6 billion commercial paper.