DHFL commercial paper downgraded to ‘default’ by Icra, Crisil – ET RealEstate

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The Real Reasons why the DHFL stock is falling. The main reason DHFL Share price is falling is due to missed interest payment of 960 crores to one of its lenders. Due to this the credit rating agencies like crisil, care etc. downgraded the bonds of DHFL as default status.

DHFL commercial paper downgraded to ‘default’ by Icra, Crisil The rating of the company, which defaulted on a debt repayment earlier this week, has been removed from watch with negative implications by both the rating agencies.

The sale/transfer of entire stake held by Dewan Housing Finance Corporation Limited (DHFL. default, it had said. The delay in payment had lead to a ratings downgrade on its commercial papers (CPs).

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 · crisil friday retained a1+ rating on Rs 15,000 crore commercial paper (CP) programme of DHFL, whose stocks have been under pressure due to concerns over default. Crisil has reaffirmed its credit ratings, DHFL said in a regulatory filing to stock exchanges.

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