CARE reaffirms rating of LIC Housing Finance’s various Debt Instruments

Credit rating agency, CARE has reaffirmed AAA rating to LIC Housing Finance’s Non Convertible Debentures worth Rs 18,516 crore. The rating agency has also reaffirmed AAA rating to the company’s Lower Tier II Bonds worth Rs 750 crore and Upper Tier II Bonds worth Rs 1,600 crore.

The company has received the said rating reaffirmation on the back of its longstanding track record and market position, comfortable liquidity position, comfortable capitalization and asset quality parameters.

LIC Housing Finance is the second largest housing finance player in India. It has one of the widest networks of over 205 offices across the country and representative offices at Dubai & Kuwait.