Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Repco Home Finance’s long term bank facilities worth Rs 1,540.36 crore which was reduced from Rs 1,549.67 and ‘AA-’ rating to company’s Non-Convertible Debentures worth Rs 500 crore. Besides, the rating agency has also reaffirmed ‘A1+’ rating to Commercial Paper of the company for amount worth Rs 250 crore.
The ratings assigned to the bank facilities and debt instruments of Repco Home Finance (RHFL) continue to factor in the established track-record of the company in south India, especially in the tier II & tier III cities, comfortable capital adequacy & liquidity profile, healthy profitability and experienced senior management team.
Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is operating through 80 branches and 13 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Gujarat, Odisha, West Bengal and Puducherry.
Company Name | CMP |
---|---|
LIC Housing Finance | 651.55 |
Indiabulls Housing | 162.30 |
Housing & Urban Dev. | 241.20 |
PNB Housing Finance | 734.15 |
Can Fin Homes | 759.15 |
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