Credit rating agency, CARE has reaffirmed AA+ rating to Rs 4,105 crore Non Convertible Debentures (NCD) programme of Dewan Housing Finance Corporation (DHFL). The rating agency has also reaffirmed AA+ rating to the company’s Rs 3,000 crore Fixed Deposit programme.
The company has received the said ratings on the back of its 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.
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.
