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CARE downgrades PNB Housing Finance’s rating on borrowings, NCDs, FDs

06 Jul 2020 Evaluate

Credit Rating Agency, CARE has downgraded PNB Housing Finance’s credit rating on borrowings, NCDs and Fixed Deposits (FDs) to ‘AA’ (Outlook Stable) from ‘AA+’ (Outlook Negative).

PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.

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