HUDCO Receives Reaffirmed AAA Credit Rating from CARE Ratings
New Delhi, January 15, 2026 – Housing and Urban Development Corporation Limited (HUDCO) has been assigned and reaffirmed AAA credit ratings by CARE Ratings Limited across its bonds, bank facilities, and other instruments, reflecting the company’s robust financial profile and strategic importance to the Government of India.
The ratings cover a variety of instruments, including:
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Bank Facilities: ₹80,000 crore – CARE AAA; Stable / CARE A1+
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Bonds: Multiple tranches totaling over ₹42,000 crore – CARE AAA; Stable
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Perpetual Debt: ₹4,000 crore – CARE AAA; Stable
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Commercial Paper: ₹10,000 crore – CARE A1+
The reaffirmation reflects HUDCO’s strong capitalisation, healthy asset quality, and strategically important role in implementing government schemes in urban infrastructure and social housing. As a central public sector undertaking, HUDCO continues to support initiatives such as Housing for All, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Jal Jeevan Mission, and the National Infrastructure Pipeline.
Key financial highlights include:
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Assets Under Management (AUM): ₹1,44,554 crore as of September 30, 2025, reflecting 30% YoY growth
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Profit After Tax (PAT): ₹1,340 crore in H1FY26
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Return on Average Total Assets (RoTA): 1.9% in H1FY26
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Capital Adequacy Ratio (CAR): 38.03% as of September 30, 2025
HUDCO’s portfolio remains largely backed by government guarantees, mitigating credit risk. Its diversified funding sources include bonds, bank loans, commercial paper, refinance lines, and foreign currency borrowings, ensuring financial flexibility.
The company has maintained a stable earnings profile supported by low credit costs and efficient operations, while asset quality has steadily improved, with net non-performing assets at 0.07% as of September 30, 2025. HUDCO continues to be a key enabler of urban development and affordable housing projects across India.
The outlook on all ratings has been maintained as Stable, indicating confidence in HUDCO’s strategic importance, financial strength, and continued support from the Government of India.