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Reliance Home Finance Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

| Updated on March 29, 2019 Published on March 29, 2019

We hereby inform that ICRA Limited (ICRA) has revised its rating to A2 (on rating watch with negative implications) for the short-term debt programme of the Company. ICRA has stated this action is primarily due to revision of rating of the parent company, Reliance Capital Limited and modest liquidity in relation to the size of borrowings.

The Company considers the rating action completely unjustified and inappropriate. The Company also places on record the fact that the rating agency arbitrarily refused to provide the Company an opportunity to meet the members of the Review Committee and address any concerns, thereby turning the entire review process prescribed by SEBI into a futile, pointless and unfair exercise.

Pdf Link: Reliance Home Finance Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

Source : BSE - www.bseindia.com

Published on March 29, 2019
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