Credit rating agency, CARE has reaffirmed the assigned ‘AA+’ rating to the secured Non Convertible Debentures (NCD) wherein these NCDs can be raised through public issue as well as private placement of Dewan Housing Finance Corporation (DHFL) for an aggregate amount of Rs 1,000 crore with maturity up to 10 years.
The rating factors in DHFL’s long-standing track record in housing finance business, its expertise in catering to middle and lower-middle class housing finance segment, consistent growth and comfortable profitability parameters. The company’s ability to generate operational efficiencies from the acquisition and maintain profitability, adequate capitalization levels and managing asset-liability mismatches while supporting its subsidiaries are the key rating sensitivities.
Dewan Housing Finance Corporation (DHFL) was incorporated in 1984. With more than two decades of experience, DHFL is among the oldest private sector Housing Finance Companies (HFC) in India. It is the fourth-largest HFC with total asset size of around Rs 16,674 crore as on March 31, 2011.
Company Name | CMP |
---|---|
LIC Housing Finance | 653.65 |
Indiabulls Housing | 168.00 |
Housing & Urban Dev. | 219.60 |
PNB Housing Finance | 795.35 |
Can Fin Homes | 768.40 |
View more.. |