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Entity-Specific Rating Rationales

10 Oct 2025

GIC Housing Finance Limited: [ICRA]AA+ (Stable) assigned to NCD programme; ratings reaffirmed for other instruments

GIC Housing Finance Limited: [ICRA]AA+ (Stable) assigned to NCD programme; ratings reaffirmed for other instruments

18 Aug 2025

GIC Housing Finance Limited: Ratings reaffirmed; rating withdrawn for Rs. 325-crore NCD programme

GIC Housing Finance Limited: Ratings reaffirmed; rating withdrawn for Rs. 325-crore NCD programme

19 Aug 2024

GIC Housing Finance Limited: Rating upgraded to [ICRA]AA+ (Stable); Rating simultaneously withdrawn for Rs. 225-crore NCD programme

GIC Housing Finance Limited: Rating upgraded to [ICRA]AA+ (Stable); Rating simultaneously withdrawn for Rs. 225-crore NCD programme

23 Aug 2023

GIC Housing Finance Limited: Ratings reaffirmed; Rating assigned for Rs. 750 crore NCDs

GIC Housing Finance Limited: Ratings reaffirmed; Rating assigned for Rs. 750 crore NCDs

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Entity-Specific Credit Perspective Reports

15 Sep 2025

GIC Housing Finance Limited

GIC Housing Finance Limited (Non-SF)

16 Sep 2024

GIC Housing Finance Limited

GIC Housing Finance Limited (Non-SF)

20 Sep 2023

GIC Housing Finance Limited

GIC Housing Finance Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debenture -- -- [ICRA]AA+(Stable) --
Fund based/Non-Fund Based -- -- [ICRA]AA+(Stable) --
Short-term bank lines – Fund based [ICRA]A1+ -- -- --
Commercial Paper [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Anubhav Khatri

Analyst 2

Prateek Mittal

Sector Head

Karthik Srinivasan
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