Vastu Housing Finance’s rating has been upgraded to AA-/Stable from A+/Positive by CARE Ratings
National, January 02, 2023: Vastu Housing Finance Corporation Limited and its 100% owned subsidiary Vastu Finserve India Private Limited (Vastu) are amongst country’s leading digitally enabled housing finance focused lenders. Care Ratings Ltd (Care) has upgraded the long-term ratings of both Vastu Housing Finance and Vastu Finserve to “CARE AA-, (double A minus) Outlook: Stable” from “CARE A+, (A plus) Outlook: Positive”. Excerpts from CARE Ratings rationale – The rating upgrade factors in the improvement in scale up of operation with significant increase in Asset Under Management (consolidated) from Rs.4,412 crore as on September 30, 2022 to around Rs.5,000 crore…