The credit rating agency revised the outlook for Home First Finance ‘s Rs 3,500 crore- term loan and Rs 400 crore- non- convertible debentures (NCDs) programme from stable to positive, the company said in the regulatory filing. This rating indicates adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
The agency also reaffirmed its A1+ rating for the company’s Rs 100 crore-commercial paper programme. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.Follow and connect with us on Twitter, Facebook, Linkedin
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