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Ind-Ra assigns AA-/Stable rating on Home First Finance bank loans and NCDs; Stock slumps ~5%

7 Mar 2022 , 12:38 PM

India Ratings & Research has assigned “IND AA-/Stable” for Bank loans and NonConvertible Debentures (NCD) and reaffirmed “IND A1+” for Commercial Paper Programme of Home First Finance Company India Limited.

The long-term credit rating for Rs1500 crore Term Loan has been assigned at IND AA-/ Stable and long-term credit rating for Rs400 crore Non- Convertible Debentures was assigned at IND AA-/ Stable.

For the Rs100 crore Commercial Paper Programme the company’s short-term credit rating was affirmed at IND A1+.

Ata round 12.40 pm, Home First Finance Company Limited was trading at Rs641.15 per piece down Rs32.25 or 4.79% on the BSE. 

Related Tags

  • commercial paper
  • credit rating
  • Home First Finance Company India Limited
  • Home First Finance news
  • Home First Finance rating
  • Home First Finance share price
  • Home First Finance stock price
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