CRISIL has enhanced the rated amount on the debt instruments of Housing Development Finance Corporation (HDFC). CRISIL's ratings continue to factor in its leading market position and sound track record in the housing finance business, strong asset quality, diversified and stable resource profile, and healthy capitalisation and profitability.

These rating strengths are partially offset by HDFC's exposure to intense competition in the housing finance segment. CRISIL believes that HDFC will maintain a robust credit risk profile over the medium term, backed by its strong asset quality, and its healthy capitalisation and profitability.

CRISIL also believes that HDFC's strong franchise and fundamentals will enable the company to maintain its competitive position, supporting its present ratings. The outlook may be revised to 'Negative' if HDFC's asset quality or profitability weakens significantly.

Shares of the company declined Rs 6.6, or 0.59%, to trade at Rs 1,110. The total volume of shares traded was 8,321 at the BSE (11.10 a.m., Thursday).