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DHFL assigned default rating; MFs with high exposure see 30-50% drop in NAV
Rating agencies on Wednesday categorised the Dewan Housing Finance Corporation (DHFL) instruments as ‘default’ a day after the company delayed its repayment obligations on non-convertible debentures (NCDs), potentially burning a deep hole in the portfolios of many mutual fund (MF) schemes. More than 160 MF schemes hold the firm’s debt papers. Read more here
SFIO probe shows IFIN's exposure to AAA borrowers dropped to zero by 2017
The Serious Fraud
