Transcription of Press Release Religare Finvest Limited - …
{{id}} {{{paragraph}}}
Example: bachelor of science
Press Release Religare Finvest Limited - …
1 CARE Ratings Limited Press Release Religare Finvest Limited January 16, 2018 Ratings Facilities Amount (Rs. crore) Rating1 Rating Action Long-term Debt/ Non-Convertible Debentures (reduced form ) CARE BBB (Triple B) (Credit watch with developing implications) Revised from CARE A (Single A) (Credit watch with developing implications) Total (Rupees Thirty Six crore and ninety three lakh only) Details of instruments/facilities in Annexure-1 Detailed Rationale& Key Rating Drivers The revision in the rating assigned to the instruments of Religare Finvest Ltd (RFL) takes into account the delay in the sale of various core and non-core businesses at REL level which was expected to reduce the corporate loan book and therefore was crucial for the credit profile of the company. The ratings are further constrained by slowdown in disbursements and de-growth of loan portfolio, further weakening of the asset quality amid challenging competitive economic environment.
1 CARE Ratings Limited Press Release Religare Finvest Limited January 16, 2018 Ratings Facilities Amount (Rs. crore) Rating1 Rating Action Long-term Debt/ Non-Convertible Debentures
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: