Categories: Latest

ICRA upgrades Aptus Value Housing to AA- Stable from A+ Stable

Chennai, December 17, 2021: Aptus Value Housing Finance India Ltd, a leading Housing Finance company has seen a rating upgrade for its long-term instruments from ICRA A+ Stable to ICRA AA-Stable. The rationale behind the rating action factors the company’s strengthened capital profile and track record of maintaining healthy profitability and asset quality

Commenting on the rating upgrade, Mr.P. Balaji, Executive Director and Chief Financial Officer stated “We have managed to keep our return on managed assets in the range of 6.3% to 6.5% over the last 3 years. The infusion of fresh equity through the IPO proceeds has strengthened our net worth that will support our portfolio growth over the medium term. Though there was a drop in collection efficiencies in the months of April and May 2021 like any other company due to pandemics, both disbursements and collection efficiencies have reached pre covid levels.

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Recent Posts

NAREDCO Maharashtra NextGen Ties Up with Brigade REAP to Strengthen PROPEL, Empowering Emerging Entrepreneurs in Real Estate

Brigade REAP Incubates 76 Proptech Startups, Leading India's Largest Proptech Ecosystem with ₹200 Cr Earth…

1 day ago

Dr. Gautam Kanodia: Redefining Luxury Real Estate with KREEVA

New Delhi, November 22, 2024: Dr. Gautam Kanodia has emerged as a visionary leader, redefining…

1 day ago

The Rise of Premium Luxury Residences: How NCR is Setting New Standards

New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…

2 days ago

3A Composites’ Flagship BrandALUCOBOND Launches a Premium Product ‘ALUCODUAL®’

~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…

2 days ago

Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report

- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…

3 days ago

Onward Workspaces Expands with leasing 18,000 Sq. Ft. Premium Facility at Emaar Capital in Gurgaon, Catering to Global Enterprise

The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…

3 days ago