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ICRA assigns AA- rating to non convertible debentures programme of Repco Home Finance

19 Sep 2013 Evaluate

Credit rating agency, ICRA has assigned AA- rating to Rs 500 crore non convertible debentures programme of Repco Home Finance. Moreover, the Company's commercial paper worth Rs 250 crore has been rated A1+ rating by ICRA.  Meanwhile, ICRA has upgraded the long term rating assigned to the Term Loans from Banks availed by the company from A+ to AA-.

Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is operating through 80 branches and 13 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Gujarat,Odisha,West Bengal and Puducherry.

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