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Moody's Ratings affirmed Housing & Urban Development Corporation's Baa3 rating, mirroring India's sovereign outlook

16-Oct-26 19:36 Hrs IST

Housing & Urban Development Corporation Ltd announced that Moody's Ratings, Singapore, has affirmed its Issuer Rating at Baa3 with a stable outlook, equivalent to India's Sovereign Rating, and has also affirmed the (P)Baa3 rating for its Senior unsecured medium-term note (MTN) program; additionally, Moody’s has affirmed the Issuer Rating at Baa3 with a stable outlook, reflecting a stable outlook on India's sovereign rating, and a standalone assessment of ba1, indicating a view that the financial profile will remain stable over the next 12-18 months, with a potential upgrade contingent upon an upgrade of the sovereign rating, and has assigned a provisional rating to its Debt; there were no enhancements, withdrawals, or assignments related to any other rating agencies.

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