Dewan Housing Finance Corporation gets revision in credit ratings from CARE

Dewan Housing Finance Corporation has received revision in credit ratings from CARE as under -

NCDs (Rs 17655.12 crore) - CARE BBB- (Credit watch with negative implications revised from CARE A (credit watch with developing implications)

Subordinated debt (Rs 2205 crore) - CARE BBB- (Credit watch with negative implications revised from CARE A- (credit watch with developing implications)

Perpetual debt (Rs 1300 crore) - CARE BB+ (Credit watch with negative implications revised from CARE BBB+ (credit watch with developing implications)

NCD Public Issue (Rs 29000 crore) - CARE BBB- (Credit watch with negative implications revised from CARE A (credit watch with developing implications)

Non Convertible Redeemable Cumulative Preference Share (Rs 750 crore) - CARE BBB- (Credit watch with negative implications revised from CARE A- (credit watch with developing implications)

Fixed Deposits Programme (Rs 20000 crore) - CARE BBB- (FD)(Credit watch with negative implications revised from CARE A (FD) (credit watch with developing implications)

Long term bank facilities (Rs 42713.80 crore) - CARE BBB- (Credit watch with negative implications revised from CARE A (credit watch with developing implications)

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