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MUMBAI, India, Could 30, 2025 /PRNewswire/ — HomeFirst Finance Firm India Restricted is happy to announce that ICRA Restricted has upgraded its long-term credit standing to [ICRA] AA (Secure) from [ICRA] AA- (Secure). The improve displays the corporate’s sturdy monetary efficiency, secure asset high quality, comfy earnings profile, and strengthened capitalization, that are anticipated to assist its medium-term progress plans. The mixture rated quantity throughout all devices now stands at ₹5,961 crores, reflecting elevated confidence from ranking businesses and lenders.

Key Particulars of the Ranking Improve:

1. Enhanced Credit score Profile:
   1. The long-term ranking improve displays HomeFirst’s improved capitalization, secure asset high quality, and sustainable earnings.
   2. The reaffirmation of the short-term business paper ranking at [ICRA] A1+ highlights the corporate’s sturdy liquidity place.
2. Instrument-wise Ranking Actions:
   1. Lengthy-Time period Fund-Primarily based Amenities: Upgraded to [ICRA] AA (Secure) with an enhanced restrict of ₹5,300 crores (beforehand ₹4,500 crores).
   2. Non-Convertible Debentures (NCDs): Upgraded to [ICRA] AA (Secure) for ₹561 crores.
   3. Business Paper Programme: Reaffirmed at [ICRA] A1+ for ₹100 crores.

Commenting on the Credit score Ranking improve, Mr. Manoj Viswanathan, MD & CEO, HomeFirst Finance Firm India Restricted, mentioned: “The credit standing improve to AA (Secure) by ICRA Restricted is a sworn statement of HomeFirst’s dedication to excellence within the Housing Finance trade. Our differentiated enterprise mannequin with excessive productiveness supported by enhanced utilization of expertise, diversified funding and robust threat administration practices have enabled us to ship greatest at school progress and sustained profitability. Our purpose is to determine HomeFirst as a number one model within the reasonably priced house finance sector, recognized for its transparency, velocity, and customer support. We stay enthusiastic and dedicated to the multi-decadal alternative that’s unfolding within the housing finance sector.”

About HomeFirst Finance Firm India Restricted

HomeFirst Finance Firm India Restricted (HomeFirst) is a technology-driven reasonably priced housing finance firm that targets first time house consumers in low and middle-income teams. It primarily provides housing loans for the acquisition or development of houses. The corporate has deep penetration within the largest housing finance markets. It boasts of a community of 123 branches throughout 13 states/UTs in India, with a major presence in rising city areas within the states of Gujarat, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Gujarat. The corporate has diversified lead producing channels with a large community of connectors

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