DHFL is a Rs 6,200 crore of debt exposure for funds. Existing investors – For mutual funds with exposure to DHFL debt, a rating downgrade means that there will be a mark to market (MTM) impact on individual bond prices. This means there will be an impact on the Net Asset Value (NAV) of the funds. CARE cuts rating of DHFL’s Rs 1.2 lakh crore outstanding securities 25 mutual fund houses collectively hold DHFL paper worth Rs 8,650 crore as of December 2018. National Office: DHFL House, 3rd th– 7 Floor, 19 Sahar Road, Off Western Express Highway, Vile Parle (East), Mumbai - 400099, Maharashtra, India Tel: (022) 7158 3333, Fax: (022) 7158 3344 Corporate Office: TCG Financial Centre, 10th Floor, BKC Road, Bandra Kurla Complex, Bandra (East), Mumbai - 400098, Website:www.dhfl.com Disclaimer - "As regards deposit taking activity o f the company, the viewers may refer to the advertisement in the newspaper / information furnished in the application form for soliciting public deposits; The Company is having a valid Certificate of Registration dated 31/07/2001 issued by the National Housing Bank under Rating agencies Crisil, Care Ratings and ICRA have downgraded the rating on Dewan Housing Finance Corporation Limited (DHFL) to the ‘D’ category indicating that certain debt instruments of DHFL are in “default or are expected to be in default soon”.
7 Jun 2019 Amidst rumors of a delay in its debt payments, Crisil and ICRA downgraded the credit rating of Dewan Housing Finance Ltd (DHFL). 5 Jun 2019 Brickwork Ratings downgrades the ratings for the various existing debt instruments of. Dewan Housing Finance Corporation Limited (“DHFL” or
Icra downgrades DHFL's PTCs ratings. The mortgage lender had initially issued these instruments worth Rs 1,689.4 crore and the amount left after April 2019 pay out stands at Rs 646.9 crore. Read more about DHFL falls 3% after Brickwork's ratings downgrade on Business Standard. The downgrade is on account of limited progress in building up liquidity, selling/exiting riskier construction finance loans The rating agency cited increased liquidity pressures being faced by the company and delays in bringing in a strategic investor as the reason behind the downgrade. Care Rating’s rationale for downgrading all of DHFL’s borrowings is similar to that offered by CRISIL and ICRA, which cut the rating on the non-bank lender’s Rs 850 crore
The CARE Ratings downgrade came just three days after rating agency CRISIL downgraded commercial papers issued by DHFL worth ₹ 850 crore on 11 May. CRISIL downgraded the commercial paper from DHFL is a Rs 6,200 crore of debt exposure for funds. Existing investors – For mutual funds with exposure to DHFL debt, a rating downgrade means that there will be a mark to market (MTM) impact on individual bond prices. This means there will be an impact on the Net Asset Value (NAV) of the funds. CARE cuts rating of DHFL’s Rs 1.2 lakh crore outstanding securities 25 mutual fund houses collectively hold DHFL paper worth Rs 8,650 crore as of December 2018. National Office: DHFL House, 3rd th– 7 Floor, 19 Sahar Road, Off Western Express Highway, Vile Parle (East), Mumbai - 400099, Maharashtra, India Tel: (022) 7158 3333, Fax: (022) 7158 3344 Corporate Office: TCG Financial Centre, 10th Floor, BKC Road, Bandra Kurla Complex, Bandra (East), Mumbai - 400098,
15 Oct 2019 Rating agency ICRA Ltd. has downgraded six loan pools of Dewan Housing Finance Corporation Ltd. The downgrades followed a judgement 6 Jun 2019 In the light of DHFL delaying its interest rate payments scheduled on June 4th, 2019, rating agencies such as CRISIL, Care Ratings and ICRA 7 Jun 2019 Amidst rumors of a delay in its debt payments, Crisil and ICRA downgraded the credit rating of Dewan Housing Finance Ltd (DHFL). 5 Jun 2019 Brickwork Ratings downgrades the ratings for the various existing debt instruments of. Dewan Housing Finance Corporation Limited (“DHFL” or 6 Jun 2019 DHFL's rating has now been removed from the watch with negative level in over five years, after Crisil and ICRA sharply downgraded the