Moody's affirms ratings of HUDCO, revises rating outlook to Stable

Moody's Investor Service, Singapore - has affirmed the ratings of Housing and Urban Development Corporation Ltd. (HUDCO) at "Baa3" level with 'Stable' outlook, equivalent to that of India's Sovereign Rating. The rating action follows the affirmation of the "Baa3" India government issuer rating on 5" October 2021. The outlook on the sovereign rating had also been changed to 'Stable' from 'Negative'.

Shares of Housing & Urban Development Corporation Limited was last trading in BSE at Rs. 44.95 as compared to the previous close of Rs. 44.85. The total number of shares traded during the day was 211296 in over 1633 trades.

The stock hit an intraday high of Rs. 45.45 and intraday low of 44.85. The net turnover during the day was Rs. 9544384.00.

Source : Equity Bulls

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HousingandUrbanDevelopmentCorporation INE031A01017 HUDCO HousingFinance RatingUpdate Moodys