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Housing finance firms comfortably placed to meet debt obligations: Report

The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 trillion, of which Rs 1.4 trillion is accounted for by debt markets, rating agency ICRA said in the report.

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The findings are based on the analysis of the rating agency-rated HFCs accounting for around 90 per cent of the sectoral asset under management.

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2 min read Last Updated : Jun 09 2020 | 4:07 AM IST

Having raised nearly Rs 34,000 crore from the debt market and the National Housing Bank in the past two months, housing finance companies (HFCs) are comfortably placed to meet their debt obligations despite lower collections, according to a report. The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 trillion, of which Rs 1.4 trillion is accounted for by debt markets, rating agency ICRA said in the report.

"As HFCs raised approximately Rs 34,000 crore through debt market route and from NHB during April and May 2020, it is likely that most of the HFCs will

Topics : Housing Finance Housing finance firms ICRA National Housing Bank

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