Skip to main content

MoneyWorks4Me

CARE reaffirms rating of HDFC’s bank facilities

08 Jul 2013 Evaluate

Credit rating agency, CARE has reaffirmed ‘AAA’ rating to Housing Development Finance Corporation’s (HDFC) long-term bank facilities worth Rs 6,450 crore. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short-term bank facilities worth Rs 9,366 crore.

The company has received the said rating affirmation on back of its market leadership in the housing finance industry, long-standing track record of operations, adequate capitalization levels, low operating costs, technology efficiency and good asset quality.

Peers