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

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BY: Nupur Anand India’s debt-laden shadow financial institution Dewan Housing Finance Ltd (DHFL) has submitted a restructuring plan to its core committee of collectors (CoC), two sources concerned within the matter mentioned, including that lead lenders have been deliberating over the plan.

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.

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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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Rating agencies Crisil, CARE and ICRA have downgraded commercial papers (CP) issued by DHFL to default or ‘D’ category after the company missed an interest payment on its non-convertible debentures (NCDs) on Tuesday.

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The company said it was "undergoing substantial financial stress" and its ability to raise funds was "substantially impaired and the business has been brought to a standstill with there being.

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