GIC Housing Finance ratings reaffirmed, one rating withdrawn

GIC Housing Finance announced today that credit ratings for its long-term bank facilities, short-term bank facilities, and commercial paper have been reaffirmed by CRISIL Ratings Ltd. The long-term bank facilities, aggregating to INR 8100 crs, are rated CRISIL AA+ with a stable outlook. Short-term bank facilities, aggregating to INR 1000 crs, are rated CRISIL A1+. Commercial paper aggregating to INR 1500 crs is rated CRISIL A1+. However, the rating for NCDs aggregating to INR 1030 crs has been withdrawn, as NCDs aggregating to INR 325 crs are due for redemption on maturity. The credit rating actions were verified on July 3, 2025.