Financial Daily from THE HINDU group of publications
Thursday, Dec 30, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 30, 2004 |
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Money & Banking
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Credit Rating BHW Birla Home debt rating Our Bureau
NEW DELHI: BHW Birla Home Finance said it has been assigned Crisil's highest safety rating `P1+' for its Rs 30-crore short-term debt programme. "The rating of BHW Birla Home Finance Ltd certainly reflects the benefits of 100 per cent ownership by BHW Holdings AG. It is also based on BHW Birla's good capital adequacy and the expectation of an improvement in its resource profile and inherent asset quality," a statement said here. The statement said BHW AG, the holding company of BHW Group, provided strong support to the company in the areas of management, technological inputs, capital and funding.
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