Analysis and Research ratings (CARE Ratings) on Thursday downgraded
long-term rating of Dewan Housing Finance Corporations Limited (DHFL) debts
worth Rs1.13 lakh crore, viewing that the financing company has made limited
progress on sell down of builder book and inflows from securitization deals.
per CARE ratings, DHFL’s NCDs fixed deposit programme and long term bank
facilities received rating AA- from its
previous AA+ rating. As of 6-March 2019, the total debt of the company stands
Thursday, DHFL stocks were seen volatile on rating impact. The Stock hit an intraday low at Rs114.50 by
4.9% fall and is currently (at 11.15am) trade at Rs.114.50 per share down by
Rs4.25 or 2.86percent on the NSE, meantime benchmark Nifty at 11045-level down
7pts and Sensex at 36665-mark, up 29pts.