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

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DHFL commercial paper downgraded to ‘default’ by Icra, Crisil. turns NBFCs untouchable – ET RealEstate. The DHFL scrip has lost one-fifth of its market value on stock exchanges in past three days.. Icra, Crisil downgrade DHFL’s commercial paper worth Rs 850 cr to ‘default’ | Devdiscourse News.

MUMBAI: Domestic rating agencies Icra and Crisil Wednesday downgraded rating on Rs 850 crore worth of commercial paper of Dewan.

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NEW DELHI: Shares of Dewan Housing Finance Corporation plunged nearly 16 per cent on Thursday after many rating agencies downgraded the commercial papers (CP) issued by the debt-laden company to default. Rating agencies Crisil, CARE and ICRA have downgraded commercial papers (CP) issued by DHFL to default or ‘D’ category after the company missed an interest payment on its non-convertible debentures (ncds) on Tuesday.

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DHFL downgraded by Crisil, Icra on debt payment default – Crisil. Crisil and Icra on Wednesday downgraded the rating on the commercial paper. loan against property (LAP), and real estate developer loans will be the key.

 · Crisil, in a note, said the downgrade to ‘default’ or ‘D’ reflects delays in debt servicing by DHFL on some of its non-convertible debentures (NCDs) because of.

DHFL commercial paper downgraded to ‘default’ by Icra, Crisil. turns NBFCs untouchable – ET RealEstate. The DHFL scrip has lost one-fifth of its market value on stock exchanges in past three days. Last month. Crisil and ICRA downgraded DHFL’s rating on commercial paper to "default" or D from A4+ on Wednesday because of delay in interest.