Aptus Value Housing Finance Gets Back-to-Back Rating Upgrades from CARE and ICRA
Aptus Value Housing Finance India Limited, a leading housing finance company, announced that ICRA Limited has upgraded the credit rating of the Company’s long-term bank facilities and Non-Convertible Debentures (NCDs) to [ICRA] AA (Stable); from [ICRA] AA- (Stable).
Key Highlights:
* Upgraded Rating: Rating upgrade by ICRA, reflects Aptus’ strong capitalisation, healthy asset quality, prudent risk management, and consistent growth in assets under management. It also underscores the Company’s focus on leveraging its varied customer base through a well-balanced mix of housing finance and loan against property products.
* Facilities Covered:
* Long-Term Bank Facilities
* Non-Convertible Debentures
Commenting on the rating upgrade, Mr. P. Balaji, Managing Director said, “The back-to-back rating upgrades from CARE Ratings and ICRA, reaffirm the strength of our business model, the quality of our portfolio, and the trust we have built with our customers and investors. We will continue to focus on sustainable growth while maintaining our strong asset quality and service standards.”
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