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Entity-Specific Rating Rationales

18 Mar 2026

HDFC Securities Limited: Ratings reaffirmed

HDFC Securities Limited: Ratings reaffirmed

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21 Mar 2025

HDFC Securities Limited: Ratings reaffirmed

HDFC Securities Limited: Ratings reaffirmed

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27 Mar 2024

HDFC Securities Limited: Ratings reaffirmed; Rated amount enhanced

HDFC Securities Limited: Ratings reaffirmed; Rated amount enhanced

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08 Aug 2023

HDFC Securities Limited: Ratings reaffirmed; Rated amount enhanced

HDFC Securities Limited: Ratings reaffirmed; Rated amount enhanced

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Entity-Specific Credit Perspective Reports

09 Apr 2026

HDFC Securities Limited

HDFC Securities Limited (Non-SF)

17 Apr 2025

HDFC Securities Limited

HDFC Securities Limited (Non-SF)

28 Aug 2023

HDFC Securities Limited

HDFC Securities Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Commercial Paper [ICRA]A1+ -- -- --
Long-term – Fund-based/Non-fund based – Others -- -- [ICRA]AAA(Stable) --
Unallocated Limits * -- -- --

Our Analysts

Analyst 1

Kruti Jagad

Analyst 2

Deep Inder Singh

Sector Head

Karthik Srinivasan
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