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Entity-Specific Rating Rationales

07 Jul 2025

PNB Housing Finance Limited: Provisional [ICRA]AAA(SO) assigned to PTCs backed by home loan receivables issued by India Residential Mortgage Trust 2025 02

PNB Housing Finance Limited: Provisional [ICRA]AAA(SO) assigned to PTCs backed by home loan receivables issued by India Residential Mortgage Trust 2025 02

28 Nov 2024

PNB Housing Finance Limited: [ICRA]AA+ (Stable) assigned to Rs. 5,000-crore bank facilities programme; Rating reaffirmed; Rating withdrawn for Rs. 150-crore NCD programme

PNB Housing Finance Limited: [ICRA]AA+ (Stable) assigned to Rs. 5,000-crore bank facilities programme; Rating reaffirmed; Rating withdrawn for Rs. 150-crore NCD programme

10 May 2024

PNB Housing Finance Limited: Rating withdrawn for Rs. 300-crore NCD programme

PNB Housing Finance Limited: Rating withdrawn for Rs. 300-crore NCD programme

28 Mar 2024

PNB Housing Finance Limited: Rating upgraded to [ICRA]AA+; outlook revised to Stable

PNB Housing Finance Limited: Rating upgraded to [ICRA]AA+; outlook revised to Stable

04 Sep 2023

PNB Housing Finance Limited: [ICRA]AA (Positive) assigned to Rs. 1,000-crore NCD programme

PNB Housing Finance Limited: [ICRA]AA (Positive) assigned to Rs. 1,000-crore NCD programme

22 Aug 2023

PNB Housing Finance Limited: Rating reaffirmed; outlook revised to Positive

PNB Housing Finance Limited: Rating reaffirmed; outlook revised to Positive

11 Apr 2023

PNB Housing Finance Limited: Rating reaffirmed

PNB Housing Finance Limited: Rating reaffirmed

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Entity-Specific Credit Perspective Reports

11 Jul 2025

PNB Housing Finance Limited

PNB Housing Finance Limited (SF)

18 Dec 2024

PNB Housing Finance Limited

PNB Housing Finance Limited (Non-SF)

29 Apr 2024

PNB Housing Finance Limited

PNB Housing Finance Limited (Non-SF)

27 Apr 2023

PNB Housing Finance Limited

PNB Housing Finance Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A PTC -- -- Provisional [ICRA]AAA (SO) --
Long-term bank facilities -- -- [ICRA]AA+(Stable) --
Non-Convertible Debentures -- -- [ICRA]AA+(Stable) --
Tier II Bonds -- -- [ICRA]AA+(Stable) --

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Ritu Rita

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Gaurav Mashalkar

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Manushree Sagar
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