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Housing & Urban Development Corporation Ltd.

BSE: 540530 Sector: Financials
NSE: HUDCO ISIN Code: INE031A01017
BSE 00:00 | 24 Apr Housing & Urban Development Corporation Ltd
NSE 05:30 | 01 Jan Housing & Urban Development Corporation Ltd

Announcement under Regulation 30 (LODR)-Credit Rating

April 7, 2020, 3:27 pm | Source: BSE

In compliance of the provisions of SEBI Listing Regulations we wish to inform that CARE Ratings (vide letters dated 3rd April 2020) ICRA Limited (vide letter 2nd April 2020) and India Rating and Research Private Limited (vide letter dated 3rd April 2020) have assigned/affirmed Credit Rating to HUDCOs borrowing programme for FY 2020-21 as under: -

(i) Long Term Borrowing Programme/Bonds of Rs. 28000 Crore (CARE AAA;Stable & IND AAA/Stable);
(ii) Long Term Borrowing Programme/Bonds of Rs. 4000Crore ([ICRA] AAA Outlook: Stable) by ICRA Limited;
(iii) Commercial Paper of Rs.10000 Crore (CARE A1+ [ICRA] A1+ & IND A1+)
(iv) Long Term/Short Term Bank Facilities of Rs.25000 Crore (IND AAA/Stable/ IND A1+) by India Rating and Research Private Limited
(v) Fixed Deposit Programme of Rs.2000 Crore (IND tAAA/Stable) by India Rating and Research Private Limited

Kindly acknowledge the receipt and take the same on your records