 "dhfl")
Shares of Dewan Housing Finance Corporation (DHFL) were down 4 per cent to Rs 134 in intra-day trade on the BSE, extending past two days' 6 per cent decline in otherwise firm market after rating agencies downgraded the housing finance company's various debt instruments.
Brickwork Ratings (BWR) on March 8, 2019 downgraded DHFL's various debt instruments by one notch, citing de-growth in business on account of inability to raise funds.
“The ratings downgrade takes into account the de-growth in business which was on account of inability to raise funds through traditional bank lines and debt market instruments and limited progress
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