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