CARE assigns ‘AA-’ rating to long-term facilities of Repco Home Finance

Credit rating agency, CARE has assigned ‘AA-’ rating to long-term facilities of Repco Home Finance. It has also assigned ‘AA-’ rating to Non-Convertible Debentures (NCD) Programme of the company amounting Rs 500 crore.

Further, the agency has also assigned ‘A1+’ rating to Commercial Paper Programme of the company amounting Rs 250 crore.

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.