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

In the past two weeks, rating companies including Icra, Crisil and CARE have downgraded DHFL debt securities to D or default, citing delays in interest payments. Shares of DHFL traded 1.68 per cent down at Rs 88 on BSE around 9:50 am.

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India Business News: tnn mumbai: crisil and ICRA have downgraded DHFL’s commercial paper to default following delays in repayment.

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DHFL has outstanding commercial papers worth 850 crore.This was Crisil’s fifth rating cut on the company’s paper this year and Icra’s fourth. 22 days ago bookmark_border

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30 June 2019: Bank of Baroda (BoB) has entered into a transaction with Dewan Housing Finance Corp. Ltd (DHFL) to acquire loans worth 3,000 crore against its exposure to the non-bank lender, even as a lenders’ consortium to the stressed non-bank lender considers a resolution plan, two people aware of the development said.

DHFL shares plunge over 18 per cent as ICRA, Crisil downgrade ratings 3 weeks, 1 day ago thehindubusinessline Shares of Dewan Housing Finance Corporation plunged over 18 per cent on Thursday as domestic rating agencies ICRA and crisil downgraded rating on Rs 850 crore worth of commercial paper of DHFL.

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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.

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.