PNB Housing Finance Limited upgraded to AAA by ICRA — 25 Aug 2026
PNB Housing Finance Limited was upgraded by ICRA on 2026-08-25, moving the rating from AA+ to AAA with a Stable outlook. 1 bond on file is tied to this entity, 3 other rating actions on record between 2026-08-20 and 2026-10-06.
As filed with NSE: “Upgrade, AAA (earlier AA+)”
| Entity (company that filed) | PNB Housing Finance Limited · issuer page |
| Action | Upgrade |
| Previous rating | AA+ |
| New rating | AAA |
| Outlook | Stable |
| Action date | 2026-08-25 |
| Agency | ICRA |
| Source | The company’s credit rating disclosure to NSE ↗ (SEBI LODR Reg 52(4)). The action type is as the company reported it. |
| Bond | Coupon | Maturity |
|---|---|---|
| PNB Housing Finance 8.52% Sep 2028 NCD | 8.52% | 2028-09-06 |
| Date | Agency | Action | Rating |
|---|---|---|---|
| 2026-10-06 | CRISIL | Upgrade | AAA |
| 2026-09-25 | ICRA | Reaffirm | AAA → AAA |
| 2026-08-20 | India Ratings | Reaffirm | AAA → AAA |
About this page: This page restates a rating action by ICRA, a SEBI-registered credit rating agency, as the company disclosed it to NSE under SEBI LODR Reg 52(4); the action type and ratings are as filed. The rating and any outlook are the agency's opinion, not RetailBonds.in's, and nothing here is investment advice or a view on what the action means for any investor. Refer to the agency's own rationale document for the full reasoning. See our methodology and full disclaimer.