Credit Rating Agency, CARE has downgraded PNB Housing Finance’s credit rating on borrowings, NCDs and Fixed Deposits (FDs) to ‘AA’ (Outlook Stable) from ‘AA+’ (Outlook Negative).
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.