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Ashiana Housing receives rating upgrades and reaffirmations from CARE Ratings entities

27-Oct-26 20:04 Hrs IST

Ashiana Housing Ltd. announced rating upgrades and reaffirmations across multiple instruments and ratings from CARE Ratings Ltd., CARE Edge, and CARE Ratings Limited. CARE Edge upgraded the Issuer Rating to CARE A+; Stable from CARE A; Stable, and also upgraded the ratings on the NCD Issue of INR 97 crores (ISIN: INE365D08026), the NCD Issue of INR 26.40 crores (ISIN: INE365D08034), the NCD Issue of INR 5.60 crores (ISIN: INE365D08067), the NCD Issue of INR 125 crores (ISIN: INE365D07085), the NCD Issue of INR 100 crores (ISIN: INE365D08075), and the NCD Issue of INR 43.25 crores (ISIN: INE365D08083), all to CARE A+; Stable from CARE A; Stable. CARE Ratings reaffirmed its CARE AAA rating for bank long term facilities of Rs. 500 crore and reaffirmed the rating on Bank Facilities, while noting the issuer is not cooperating. Additionally, CARE Ratings Limited upgraded several Non Convertible Debentures, including those totaling 5.60, 26.40, 61.71, 125.00, 100.00, 70.00, and 93.75 crores, all to CARE A+ from CARE A; Stable, and noted a withdrawal of Rs. 26.75 crore of a proposed issuance.

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