Fitch Ratings has affirmed HUDCO’s long-term issuer default ratings at BBB- with a stable outlook, reflecting its government-related entity status, sovereign credit linkage, and critical role in supporting India’s housing and urban development priorities.
Fitch Ratings announced on February 11, 2026, that HUDCO’s long-term foreign and local currency issuer default ratings remain at BBB-, with a stable outlook. The INR 50 billion medium-term note programme has also been affirmed at the same level. HUDCO continues to be rated under Fitch’s government-related entity criteria, highlighting its strong policy mandate and sovereign support.
Key Highlights
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HUDCO’s ratings are credit-linked to India’s sovereign rating at BBB-/Stable
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The stable outlook reflects the government’s significant responsibility and incentive to provide financial support
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HUDCO plays a vital role in financing housing and urban infrastructure aligned with national development priorities
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The INR 50 billion medium-term note programme has been reaffirmed at BBB-
Fitch’s affirmation underscores HUDCO’s importance as a government-related entity with a clear policy mandate
Sources: Fitch Ratings, HUDCO Exchange Filings