HUDCO gets strong rating, plans ₹2,500 crore debt issue

On December 9, 2025, HUDCO announced that CARE Ratings Limited reaffirmed its credit ratings, including "CARE AAA; Stable" for various long-term instruments and "CARE A1+" for short-term bank facilities and commercial paper. This reaffirmation highlights HUDCO's strong capital adequacy, healthy profitability, and strategic importance to the government of India as a majority-owned entity. The ratings also acknowledge HUDCO's diversified resource profile and adequate liquidity.

Concurrent with the strong credit rating, HUDCO notified stock exchanges on December 9, 2025, of a proposed issue and allotment of Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs (Series-E 2025). This private placement aims to raise up to ₹2,500.00 crore, contributing to the broader plan to raise up to ₹65,000 crore through bonds/debentures during FY 2025-26. The funds are intended to augment long-term resources for business operations, including lending activities and refinancing existing debt. The NCDs are proposed for listing on the BSE.