Vastu Housing Finance’s rating upgraded to AA-/Stable from A+/Positive by CARE Ratings 

New Delhi, January 02, 2023: Care Ratings Ltd (Care) has upgraded the long-term ratings of Vastu Housing Finance and Vastu Finserve to “CARE AA-, (double A minus) Outlook: Stable” from “CARE A+, (A plus) Outlook: Positive”. Commenting on the upgrade, Sandeep Menon – Founder, Managing Director & Chief Executive Officer, Vastu Housing Finance and Vastu Finserve said, “The upgrade in the ratings reflects our consistent all-round performance with a superior profitability track record, strong and consistent asset quality, operational excellence, robust liquidity position and risk management capabilities even through the difficult times. The upgrade will help Vastu, continue with its growth momentum while being future ready and fit for growth. Going forward, we will continue to invest ahead of time in our people, processes, delivery models and technological capabilities to provide seamless and secure experience to all our customers”

x