Dewan Housing Finance Corporation gets downgrade in ratings from Brickwork Ratings

Dewan Housing Finance Corporation announced that Brickwork Ratings India has revised the credit ratings of the company as under -

Secured NCD (Public Issue) (Rs 29000 crore) - BWR AA; Credit Watch with Negative Implications (Downgraded)

Secured NCD (Rs 12,000 crore) - BWR AA; Credit Watch with Negative Implications (Downgraded)

Subordinated Debt (Rs 2250 crore) - BWR AA; Credit Watch with Negative Implications (Downgraded)

Innovative Perpetual Debt Instrument (Rs 1300 crore) - BWR AA; Credit Watch with Negative Implications (Downgraded)

Fixed Deposit (Rs 12000 crore) - BWR FAA; Credit Watch with Negative Implications (Downgraded)

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