SRG Housing Finance upgraded by Acuite Ratings to A- Stable
SRG Housing Finance's credit rating has been upgraded by Acuite Ratings to 'ACUITE A-; Stable' from 'ACUITE BBB+; Positive' for its bank facilities and Non-Convertible Debentures. This upgrade reflects the company's strengthening financial and risk profile.
A credit rating upgrade can lead to better borrowing costs and improved access to capital, which is moderately impactful for a finance company.
The announcement details a credit rating upgrade, which is a positive indicator of the company's financial health and risk management.
SRG Housing Finance Limited has announced a credit rating upgrade from Acuite Ratings & Research.
The company's bank facilities and Non-Convertible Debentures have been upgraded to 'ACUITE A-; Stable' from 'ACUITE BBB+; Positive'.
Vinod K Jain, Managing Director of SRG Housing Finance, stated that this upgrade is a significant milestone reflecting the company's strengthening fundamentals, consistent performance in AUM growth, improved asset quality, stable profitability, and strong capital. He believes the improved rating will enhance the company's ability to access diverse funding sources at competitive costs, supporting its goal of providing affordable housing finance solutions. The company remains committed to balancing growth, profitability, and risk management while enhancing operational efficiency and portfolio quality.
SRG Housing Finance Limited, established in 1999, is an NHB-registered housing finance institution with 95 branches across seven states. Housing loans constitute approximately 70% of its portfolio, with Loans Against Property (LAP) making up the remaining 30%. The company primarily serves the self-employed segment (75% of its customer base) and salaried professionals (25%).
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SRG Housing Finance Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SRG Housing Finance Limited. Read the original for the full detail.