DHFL commercial paper downgraded to ‘default’ by Icra, Crisil – Times of India

In a ratings note issued on Wednesday, CRISIL downgraded Rs 850 crore worth of commercial paper issued by DHFL to Default or ‘D’ from its earlier rating of ‘A4+’. The rating agency said that Rs 750 crore in commercial paper is payable in June 2019 and the company may not have adequate liquidity available to make repayments.

Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of.

ICRA, an affiliate of Moody’s, and Standard & Poor’s local unit CRISIL on Wednesday downgraded DHFL’s commercial paper to their lowest level after the lender, a part of the country’s.

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Ratings agencies ICRA and Crisil downgraded dewan housing finance Corp Ltd’s (DHFL) commercial paper to their lowest ratings on Wednesday after the lender missed certain payments on bonds due this.

The scrip of DHFL declined nearly 5 per cent to close at Rs 290.15, while that of Indiabulls Housing Finance plunged over 6 per cent to end the day at Rs 937.20 on the BSE. Rating agencies — Crisil,

Investors will keenly watch Reserve Bank of India’s monetary policy. and 521 remaining unchanged. Crisil and icra downgraded commercial paper (CPs) of Dewan Housing Finance Corporation (DHFL) to.

BENGALURU (Reuters) – Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL. agencies – ICRA, an affiliate of Moody’s, and Standard & Poor’s local unit Crisil – last week categorised the.

 · Crisil, in a note, said the downgrade to ‘default’ or ‘D’ reflects delays in debt servicing by DHFL on some of its non-convertible debentures (NCDs) because of.

Domestic rating agencies Icra and Crisil wednesday downgraded rating on Rs 850 crore worth of commercial paper of Dewan Housing Finance Corporation (DHFL) to ‘default’ from ‘A4’ due to the.

Read more about Crisil downgrades DHFL’s commercial papers to ‘default’ from A4+ on Business Standard. The downgrade comes after reports of default by the company in paying interest to the tune of Rs 900-1,000 crore of NCDs

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After DHFL’s bond repayment default, rating agencies Crisil and Icra had on Wednesday downgraded rating on its Rs 850-crore commercial paper to ‘default’ from ‘A4’. The rating revision factors in further deterioration in DHFL’s liquidity profile and delays in meeting scheduled debt obligation on June 4, 2019, Icra had said in a note.