India Ratings and Research has affirmed AAA rating on PNB Housing Finance's (NSE:PNBHOUSING, BOM:540173) bank facilities and non-convertible debentures, according to a stock exchange filing on Monday.
The rating outlook is stable, the filing said.
The rating reflects expectations of timely liquidity and equity support from Punjab National Bank, the filing said.
PNB Housing Finance's shares rose over 1% in Tuesday's trade.