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<h1>Rating Upgrade Signals Strong Financial Health for Housing Development Finance Corporation's Affordable Lending Strategy</h1> A financial rating agency upgraded a housing development finance corporation's rating to BBB- (Stable), reflecting improved financial health and stability. The upgrade stems from favorable developments at the group level, including new promoter classification and board strengthening. The company maintains adequate capitalization, declining asset risk, and focuses on affordable housing loans for underserved market segments. The improved rating is expected to enhance funding access and business growth opportunities.