India Shelter Finance Corporation's Series A1 PTC reaffirmed at CARE AAA (SO)

The rating action in numbers

Outstanding amount is about 75% of the original certificate size

The Series A1 PTC was issued at ₹87.46 crore, and ₹65.27 crore remained outstanding after the September 2026 payout. That is about 74.6% of the original amount still outstanding, a figure the filing gives only as the two amounts.

A reaffirmation, not a change in rating

CARE Ratings reaffirmed the existing rating of CARE AAA (SO) rather than revising it. The 'SO' suffix in the rating denotes a structured obligation, a term used for rated instruments backed by a specific pool of assets.

The filing does not give the rating outlook, the agency's reasons or the date of its rating letter.

Context from the company's recent filings

India Shelter Finance Corporation reported standalone total income of ₹432.45 crore for Q1 FY27, up 19.8% year on year, and net profit of ₹143.02 crore, up 20.0%. Its market value was ₹7,017 crore at the 27 Oct 2026 close of ₹644.65 a share.

The rating filing does not link to those allotments.

What the rating reaffirmation means for India Shelter Finance Corporation's shareholders

It describes an existing rating being confirmed after the September 2026 payout.

The filing does not say what the reaffirmation means for the company's own funding costs, what drove CARE Ratings' review, or what the rating outlook is. The filing does not give a next dated step.

Reference: Original filing (PDF)