By Ctionsaptus Value Housing
IANSAptus Value Housing Finance
Aptus Value Housing Finance on Monday said CARE has upgraded the rating of the company’s long-term bank facilities and non-convertible debentures (NCDs) by a notch. The rating agency has improved rating to CARE AA from CARE AA-, Aptus Value Housing Finance said in a statement. The outlook has been revised from stable to positive reflecting Aptus’ consistent performance, strong asset quality, and robust capitalisation, it said. Commenting on the rating upgrade, the housing finance company MD P Balaji, “This will help us to further diversify our borrowings from insurance companies and mutual funds in addition to borrowings from banks and will also help us to negotiate better cost of funds both on our existing and incremental borrowings.” (You can now subscribe to our Economic Times WhatsApp channel)
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onAptus Value Housing FinanceCARE rating upgradefunding diversificationhigh asset quality(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless