Credit rating agency, CARE Ratings has revised rating of Reliance Home Finance's long-term debt programme, market linked debentures, subordinated debt and non-convertible debentures (NCDs) public Issue to ‘A+’ and upper Tier-II NCDs rating to ‘A’.
The agency has stated this action is primarily due to revision of rating of the parent company, Reliance Capital and moderation in liquidity profile of the Company.
Reliance Home Finance is engaged in providing housing finance. It provides housing loans, home improvement loan, home extension loan and reliance property solutions. It offers home loans to individuals and companies. It operates as a subsidiary of Reliance Capital.
