PNB Housing Finance receives CRISIL AAA/Stable, completing AAA ratings from four domestic agencies

CRISIL Ratings upgraded PNB Housing Finance’s long-term rating to ‘CRISIL AAA/Stable’ from ‘CRISIL AA+/Stable’. The company now holds AAA ratings from CRISIL, India Ratings, CARE Ratings and ICRA across relevant long-term instruments and facilities, following upgrades completed within 12 months.

An upgrade lowers the cost of refinancing and widens the pool of lenders willing to fund the company.

• Whether existing debt is refinanced at lower cost
• The agency's stated rationale
• We intend to maintain this segment within 3% of our overall book for FY27. (management committed by FY27)
• Our ambition is to take this combined share to 50% within two years, and we are building the team, the technol (management committed by FY27)