ICRA Credit Rating for Rs 1000 Crore NCD Programme of GIC Housing Finance Limited

The Rating Committee of ICRA, after due consideration, has assigned the rating at [ICRA]AA+ (pronounced as ICRA double A plus) rating to the captioned NCD Programme. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. The outlook on the long-term rating is Negative.

Shares of GIC HOUSING FINANCE LTD. was last trading in BSE at Rs.113.65 as compared to the previous close of Rs. 114.1. The total number of shares traded during the day was 18388 in over 333 trades.

The stock hit an intraday high of Rs. 115.7 and intraday low of 113.55. The net turnover during the day was Rs. 2108996.

Source : Equity Bulls

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