BusinessWire India

Jaipur (Rajasthan) [India], September 27: Aavas Financiers Limited, one of India’s leading affordable housing finance companies, announced that CARE Ratings Limited has reaffirmed its credit ratings while revising the outlook from ‘Stable’ to ‘Positive’. The reaffirmation covers the Company’s long-term bank facilities as well as its non-convertible debentures (NCDs), underscoring its strong credit profile and operational resilience.

This development reflects CARE Ratings’ confidence in Aavas’ consistent financial performance, prudent risk management, and healthy asset quality.

The Positive outlook indicates the potential for an upgrade in the future, supported by Aavas’ steady growth trajectory, expanding customer base, and operational discipline.

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