Aavas Financiers Limited announced on May 29, 2025, that CARE Ratings Limited has assigned and reaffirmed various credit ratings for its financial instruments, based on the company's operational and financial performance for FY25 (Audited). The key rating actions, effective May 28, 2025, are as follows:

• A new rating of 'CARE AA; Stable' (Double A; Outlook: Stable) has been assigned for Non-Convertible Debentures (NCD) amounting to ₹ 500.00 crore.
• The rating for Non-Convertible Debentures (NCD) totaling ₹ 844.11 crore (reduced from ₹ 883.29 crore previously) has been reaffirmed at 'CARE AA; Stable' (Double A; Outlook: Stable).
• The rating for Long-Term Bank Facilities amounting to ₹ 9,662.00 crore has been reaffirmed at 'CARE AA; Stable' (Double A; Outlook: Stable).
• The rating for Commercial Paper of ₹ 100 crore has been reaffirmed at 'CARE A1+' (A One Plus).

The rating actions reflect CARE Ratings Limited's assessment of the company's credit profile.