"Fitch Ratings plans to withdraw the ratings on Dewan Housing Finance Corporation Ltd on or about, February 22, 2017, which is approximately 30 days from date of this Non Rating Action Committee (NRAC), for commercial reasons," Fitch Ratings said in a statement.
Currently, Fitch has rated Dewan Housing Finance with a stable outlook 'BB' on its long-term foreign currency issuer default rating (IDR).
Also, the long-term local currency IDR is rated 'BB', a stable outlook.
The ratings firm said it reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems "sufficient."
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