Mortgage News

DHFL commercial paper downgraded to ‘default’ by Icra, Crisil – ET RealEstate

MUMBAI: Home score companies Icra and Crisil Wednesday downgraded score on Rs 850 crore price of economic paper of Dewan Housing Finance Company (DHFL) to ‘default’ from ‘A4’ as a result of mortgage lender’s deteriorating liquidity situation.

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 inadequate liquidity. The payments.

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Icra and Crisil on Wednesday downgraded rating on Rs 850 crore worth of commercial paper of Dewan Housing Finance Corporation Ltd (#DHFL) to ‘default’ from ‘A4’ due to the mortgage lender’s deteriorating liquidity condition.

On June 4, DHFL failed to make interest and principal payments that were due. Rating agencies — Crisil, Icra and Care — downgraded their ratings on. seven-day grace period and prevent any future.

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Tech investor james anderson savages city grandee over Arm sell-off DHFL commercial paper downgraded to ‘default’ by Icra, Crisil – ET RealEstate EMI Calculator – Adore Realtech – ET Reality. dhfl downgrade leaves banks, DHFL commercial paper downgraded to ‘default’ by Icra, Crisil | Setback for Jaypee buyers in plan to shore up.

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