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Dewan Housing Finance Corporation gets credit ratings for proposed NCD issue

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From CARE and Brickwork Ratings

Dewan Housing Finance Corporation announced that Credit Analysis and Research ('CARE Ratings') and Brickwork Ratings India ('Brickwork Ratings') vide their letters, both dated 07 July 2016, have assigned ratings of CARE AAA (Triple AAA) and BWR AAA (Pronounced as BWR Triple A), respectively, for the Company's proposed public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of up to Rs. 1,000 crore alongwith a green shoe option of upto Rs. 3,000 crore, in one or more tranches, as approved by the' Board of Directors of the Company on 05 July 2016.

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First Published: Jul 08 2016 | 5:54 PM IST

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