PNB Housing Receives Revised Rating From CRISIL

PNB Housing Finance announced that it has received revises credit rating for its bank facilities from CRISIL.

The company in its regulatory filing said that the term loan has been revised from CRISIL AA+/Negative to CRISIL AA+/Stable, the company's Non-Convertible Debentures has been revised to CRISIL AA+/Stable from CRISIL AA+/Negative.

The company's Tier II Bonds have been revised from CRISIL AA+/Negative to CRISIL AA+/Stable and the company's deposits have been revised from FAAA/Negative to FAAA/Stable.

PNB Housing Finance provides housing loans to individuals and corporate bodies for construction, purchase, and repair and up gradation of houses. It also provides loans for commercial space, loan against property and loan for the purchase of residential plots.

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