DHFL commercial paper downgraded to ‘default’ by Icra, Crisil – ET RealEstate

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Here’s where the money’s going DHFL commercial paper downgraded to ‘default’ by Icra, Crisil – ET RealEstate undefined – Bloomberg – DHFL crisis deepens with rating downgrades, write-offs by mutual funds [Mint, New delhi] 06/06/2019 12:01 AM ET Crisil, Icra downgrade DHFL’s commercial paper rating to default [Mint, New Delhi]The.

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Two major credit ratings agencies – ICRA, an affiliate of Moody’s, and Standard & Poor’s local unit Crisil – earlier this month categorised DHFL’s commercial paper at default levels for missing.

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DHFL commercial paper downgraded to ‘default’ by Icra, Crisil The rating of the company, which defaulted on a debt repayment earlier this week, has been removed from watch with negative implications by both the rating agencies.

Crisil, in a note, said the downgrade to ‘default’ or ‘D’ reflects delays in debt servicing by DHFL on some of its non-convertible debentures (NCDs) because of inadequate liquidity. The payments.

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DHFL commercial paper downgraded to ‘default’ by Icra, Crisil The rating of the company, which defaulted on a debt repayment earlier this week, has been removed from watch with negative implications by both the rating agencies.