Religare Enterprises has informed that Care Ratings (CARE) has assigned the rating to long term bank facilities of Religare Housing Development Finance Corporation (‘RHDFCL’), step down subsidiary Company of REL. The rating action rationale published by CARE is attached. The existing rating assigned by ICRA on the long-term bank facilities is [ICRA]BB- (Stable).
The above information is a part of company’s filings submitted to BSE.