ICRA downgrades DHFL's commercial paper programme

ICRA

05/06/2019 14:12

BENGALURU, June 5 (Reuters) - Rating agency ICRA Ltd
 ICRA.NS  on Wednesday downgraded home loan lender Dewan Housing
Finance Corp Ltd's (DHFL)  DWNH.NS  8.50 billion rupees ($122.70
million) commercial paper programme to  ICRA D.
    ICRA removed https://www.icra.in/Rationale/ShowRationaleReport/?Id=81083
 the programme from "Watch with Negative Implications" as DHFL's
liquidity worsened, it said in a note.

($1 = 69.2740 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Subhranshu Sahu)
 ((chandini.m@thomsonreuters.com; +91-82-6749-7919; Reuters
Messaging: chandini.m.thomsonreuters.com@reuters.net))