Credit rating agency, CARE has assigned AA+ rating to Non Convertible Debentures (NCD) worth Rs 1500 crore of Dewan Housing Finance (DHFL).
The company has received the said rating on the back of its expertise in catering to middle and lower-middle class housing finance segment, consistent growth and comfortable profitability parameters.
DHFL is among the oldest private sector Housing Finance Companies (HFC) in India. It is the third-largest HFC with a loan portfolio of Rs.19,355 crore as on March 31, 2012.
